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A person incurs 5% loss by selling a wat...

A person incurs `5%` loss by selling a watch for Rs. 1140. At what price should the watch be sold to earn `5%` profit ?

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To solve the problem step by step, we will follow the process of calculating the cost price (CP) first and then determining the selling price (SP) needed to achieve a 5% profit. ### Step 1: Identify the given values - Selling Price (SP) when there is a loss = Rs. 1140 - Loss Percentage = 5% ### Step 2: Calculate the Cost Price (CP) To find the cost price when there is a loss, we use the formula: \[ CP = \frac{100}{100 - \text{Loss Percentage}} \times SP \] Substituting the values: \[ CP = \frac{100}{100 - 5} \times 1140 \] \[ CP = \frac{100}{95} \times 1140 \] ### Step 3: Simplify the calculation Now, let's simplify: \[ CP = \frac{100 \times 1140}{95} \] \[ CP = \frac{114000}{95} \] Now, we can divide 114000 by 95: \[ CP = 1200 \] ### Step 4: Calculate the Selling Price for 5% Profit Now that we have the cost price, we can find the selling price for a 5% profit using the formula: \[ SP = \frac{100 + \text{Profit Percentage}}{100} \times CP \] Substituting the values: \[ SP = \frac{100 + 5}{100} \times 1200 \] \[ SP = \frac{105}{100} \times 1200 \] ### Step 5: Simplify the calculation Now, let's simplify: \[ SP = 1.05 \times 1200 \] \[ SP = 1260 \] ### Conclusion Thus, the selling price at which the watch should be sold to earn a 5% profit is **Rs. 1260**. ---
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