Profit and Loss - Quantitative Aptitude (MCQ) questions for Q. 20532

Q.  A boy incurs 5% loss by selling a book for Rs. 1000. At what price should the book be sold to earn 5 % profit?
- Published on 07 Jul 17

a. Rs. 1105.26
b. Rs. 1251.50
c. Rs. 1085.13
d. Rs. 1885.13

ANSWER: Rs. 1105.26
 
Let the new selling price be Rs. x
(100 – loss %) /1000 = (100 + gain %) / x
(100 – 5) / 1000 = (100 + 5) / x
x = (105 × 1000) / 95 = 105000 / 95
x = 1105.26.

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