A boy incurs 5% loss by selling a book for Rs.1000. At what price should the book be sold to earn 5% profit?OptionsNone of these1105.2610001200
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 of the book first. If 95% of the cost price is Rs.1000, then the cost price (100%) of the book is (1000 / 95) * 100 = Rs.1052.63 approximately.
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