A boy incurs 5% loss by selling a book for Rs. 1000. At what price should the book be sold to earn 5 % profit?

Name: A boy incurs 5% loss by selling a book for Rs. 1000. At what price should the book be sold to earn 5 % profit?
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Question

Quizplus · Accepted Answer

The cost price of the book can be calculated by dividing the selling price by (1 - loss %), which is 1000 / (1 - 0.05) = Rs. 1052.63. To achieve a 5% profit, the selling price should be 1052.63 * 1.05 = Rs. 1105.26.

A Boy Incurs 5% Loss by Selling a Book for Rs