Profit & Loss · Question 10 · Medium

Selling a watch for ₹1,140 results in a 5% loss. At what price should it be sold to gain 5%?

  1. ₹1,250
  2. ₹1,200
  3. ₹1,197
  4. ₹1,260
Answer and explanation

Answer: D. ₹1,260

Explanation: CP = 1,140 ÷ 0.95 = ₹1,200. For a 5% gain, SP = 1,200 × 1.05 = ₹1,260.

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