A boy incurs 5% loss by selling a book for Rs.1000. At what price should the book be sold to earn 5% profit?Options10001200None of these1105.26
Question
Solution 1
The boy incurs a 5% loss by selling the book for Rs.1000. This means that Rs.1000 is 95% of the cost price of the book.
Step 1: Let's find the cost price first. If 95% of the cost price is Rs.1000, then the cost price (100%) can be calculated as follows:
Cost Price = (100 / 95) * 1000 = Rs.1052.6 Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solv
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