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
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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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