A person incurs 10% loss by selling a watch for $100.

A person incurs 10% loss by selling a watch for $100. At what price should the watch be sold to earn 10% profit?

Quiz

Answer/Solution

$122

Steps/Work

Let the new selling price be $x
(100-loss%): (1st S.P.) = (100+gain%):(2nd S.P.)
(100-10)/100 = (100+10)/x
x = 110*100/90 = 122 approximately
Answer is B

Gain Calculator / Auto Solver

A person incurs % loss by selling a watch for $ . At what price should the watch be sold to earn % profit?

Calculated Answer

111.11111111111

Step by Step Solution

In order to solve problem, you must evaluate n1 / (1 - n0 / 100).

n0 =10
n1 =100
n2 =10