A shopkeeper, sold cashew nuts at the rate Rs 1,260 a kg and bears a loss of 8%. Now if he decides to sell it at Rs 1,386 per kg, what will be the result?

Let cost price of 1 kg of cashew nuts = $$Rs. x$$

If Selling price of 1 kg of cashew nuts = Rs. 1260

=> Loss % = $$\frac{x - 1260}{x} \times 100 = 8$$

=> $$\frac{x - 1260}{x} = \frac{8}{100} = \frac{2}{25}$$

=> $$25x - 31500 = 2x$$

=> $$25x - 2x = 23x = 31500$$

=> $$x = \frac{31500}{23} \approx 1369.5$$

When selling price = Rs. 1386

=>  Profit % = $$\frac{1386 - 1369.5}{1369.5} \times 100$$

= $$\frac{1650}{1369.5} \approx 1.2\%$$

=> Ans - (A)