A person incurs a 5 % loss by selling a watch | vedclass

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Question

(C) Let the Cost Price $(CP)$ of the watch be $C$.Given that the Selling Price $(SP_1)$ is $Rs. 1140$ with a loss of $5 \%$.Using the formula $SP = CP

Vedclass · Accepted Answer

$1260$

Vedclass · Answer

(C) Let the Cost Price $(CP)$ of the watch be $C$.Given that the Selling Price $(SP_1)$ is $Rs. 1140$ with a loss of $5 \%$.Using the formula $SP = CP 	imes (1 - 	ext{loss} \% / 100)$:$1140 = C 	imes (1 - 5/100) = C 	imes (95/100)$.$C = (1140 	imes 100) / 95 = 1200$.Now,to earn a $5 \%$ profit,the new Selling Price $(SP_2)$ is calculated as:$SP_2 = CP 	imes (1 + 	ext{profit} \% / 100) = 1200 	imes (1 + 5/100) = 1200 	imes (105/100) = 1260$.Therefore,the watch should be sold for $Rs. 1260$ to earn a $5 \%$ profit.

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

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