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AMCAT Exam Question

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? A. Rs.1222 B. Rs.1230 C. Rs.1260 D. Rs.1290

Your Answer

1260 5%of loss means 1260 is equal to 95%. So 100% is equal to 1200rs And to earn 5% profit on 1200 rs we have to add 60 rs( 5% of 1200rs) so total cost is 1200+60=1260rs

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