Find the selling price given loss% , profit%.

A shopkeeper sells an article at the price of Rs 1140 and incurs a loss of 5% on it. For him to gain a profit of 5% on the same article, at what price should the article be sold?

(A) Rs 1200
(B) Rs 1250
(C) Rs 1260
(D) Rs 1245

 

1Comment
shivani @shivani1234
22 Aug 2017 04:48 pm

SP = 1140Rs

%L = 5 %

%L = ((CP-SP)/CP)*100%
5 = (CP-1140)/CP*100
CP = 1200Rs
now, P% =  5%
so, let new SP be S1
then, P=((SP-CP)/CP)*100%
5 = (S1 - 1200)/1200*100
S1=1260 Rs