Profit and Loss

Solve the question of and select the option from the choices A through D/E. Check your Answer and view the explanation.

A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit.

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Let the new S.P. be x, then.

(100 - loss%) : (1st S.P.) = (100 + gain%) : (2nd S.P.)

$\frac{95}{1140}$ = $\frac{105}{x}$

x = 1260