Correct Answer - Option 2 : Rs.1260
GIVEN:
5% loss by selling a watch = Rs.1140
FORMULA USED:
SP = CP × (100 ± Profit/loss)/100
CALCULATION:
SP = CP × (100 ± Profit/loss)/100
⇒ 1140 = CP × (100 - 5)/100
⇒ 1140 = CP × 95/100
⇒ CP = 1200
⇒ SP = CP × (100 ± Profit/loss)/100
⇒ SP = 1200 × 105/100
⇒ SP =1260
∴ Required Selling Price to earn 5% profit is Rs.1260