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By selling a watch for Rs. 1440, a man l...

By selling a watch for Rs. 1440, a man losses 10%. At what price should he sell it to gain 10%?

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To solve the problem step by step, we need to find the cost price (CP) of the watch first and then calculate the selling price (SP) required to achieve a 10% gain. ### Step 1: Find the Cost Price (CP) We know that the selling price (SP) is Rs. 1440 and the man incurs a loss of 10%. To find the cost price when there is a loss, we can use the formula: \[ CP = \frac{100}{100 - \text{Loss Percentage}} \times SP \] Substituting the values: \[ CP = \frac{100}{100 - 10} \times 1440 \] \[ CP = \frac{100}{90} \times 1440 \] \[ CP = \frac{100 \times 1440}{90} \] \[ CP = \frac{144000}{90} \] \[ CP = 1600 \] ### Step 2: Calculate the Selling Price for a 10% Gain Now that we have the cost price (CP = Rs. 1600), we need to find the selling price (SP) that would give a 10% gain. To find the selling price when there is a gain, we can use the formula: \[ SP = \frac{100 + \text{Gain Percentage}}{100} \times CP \] Substituting the values: \[ SP = \frac{100 + 10}{100} \times 1600 \] \[ SP = \frac{110}{100} \times 1600 \] \[ SP = 1.1 \times 1600 \] \[ SP = 1760 \] ### Final Answer The man should sell the watch for Rs. 1760 to gain 10%. ---
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ARIHANT SSC-PROFIT AND LOSS-Higher Skill Level Questions
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