A boy incurs 5% loss by selling a book for Rs. 1000. At what price should the book be sold to earn 5 % profit?
Rs. 1105.26
Rs. 1251.50
Rs. 1085.13
Rs. 1885.13
Explanation:
Let the new selling price be Rs. x.
According to the question,
=> (100 - loss %) /1000 = (100 + gain %) / x
=> (100 - 5) / 1000 = (100 + 5) / x
=> x = (105 × 1000) / 95 = 105000 / 95
=> x = 1105.26.