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Quantitative - Mathematics - Word Problems:

Profit and Loss

MCQ - 114-12881

Question:

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

  1. Rs.1200
  2. Rs.1230
  3. Rs.1260
  4. Rs.1230

Correct Answer: C

Explanation:

Let the new S.P. be x, then.

(100 - loss%) : (1st S.P.) = (100 + gain%) : (2nd S.P.)

95 1140 = 105 x

x = 1260

Record Performance

1297 MCQ for effective preparation of the test of Profit and Loss of Word Problems section.

Read the MCQ statement: A person incurs a loss of 5% be selling a watch for Rs. 1140. At what price should the watch be sold to earn 5% profit. , keenly and apply the method you have learn through the video lessons for Profit and Loss to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 114-12881.

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Solve the question for MCQ No. and decide which option (A through D/E) is the best choice to answer the MCQ, then click/tap the blue button to view the correct answer and it explanation.

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