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Question : By selling a table for Rs. 1140, a man loses 5%. In order to gain 5%, the table must be sold for ?

Option 1: Rs. 1260

Option 2: Rs. 1320

Option 3: Rs. 1180

Option 4: Rs. 1250


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Rs. 1260


Solution : Here CP denotes cost price and SP denotes selling price.
CP = SP$(\frac{100}{100-Loss\%})$
⇒ CP = 1140$(\frac{100}{100-5})$
⇒ CP = 1140$(\frac{100}{95})$
⇒ CP = Rs. 1200
Also, SP = CP$(\frac{100+Profit\%}{100})$
⇒ SP = 1200$(\frac{100+5}{100})$
⇒ SP = 1200$(\frac{105}{100})$
⇒ SP = Rs. 1260
Hence, the correct answer is Rs. 1260.

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