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Sanjay sold his watch for ₹1140 and thereby loses 5%. In order to gain 5%, he has to sell the watch for - Mathematics

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MCQ

Sanjay sold his watch for ₹1140 and thereby loses 5%. In order to gain 5%, he has to sell the watch for

Options

  • ₹ 1254

  • ₹ 1260

  • ₹ 1197

  • ₹ 1311

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Solution

₹ 1260

Explanation:

SP of watch = 1140, Loss % = 5%

CP`=100/95xx1140` ..........`[∵"CP" = ((100)/(100-"L"%))"SP"]`

SP at 5% gain`=105/100xx100/95xx1140=₹ 1260`

Concept: Profit and Loss (Entrance Exam)
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