A person incurs 5% loss by selling a watch for $1140 . At
what price should the watch be sold to earn 5% profit?
Choose the correct answer:	A) $ 1260	B) $ 1150	C) $ 1542	D) $ 1000	E) $ 1292

Rationale: let the new selling price be $ x ( 100 - loss % ) : ( 1 st s . p . ) = ( 100 + gain % ) : ( 2 nd s . p . ) ( 100 - 5 ) / 1140 = ( 100 + 5 ) / x x = 105 * 1140 / 95 = 1260 answer is a
Answer: A