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1. A person incurs a loss of 5 % by selling a watch for Tk. 1140. At what price should the watch be sold to earn 5% profit?
- A. Tk. 1580
- B. Tk. 1580
- C. Tk. 1580
- D. Tk. 1580
Answer: Option C
Explanation:
For 5% loss, buying price of watch = (1140*100)/95 = 1200 tk
For earning 5% profit, selling price should be = (1200*105)/100 = 1260 tk (Ans).
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