A man sold his watch at a loss of 5 %. Had he sold it for Tk 56.25 more he would have gained 10%. What was the cost of the watch?

Question: A man sold his watch at a loss of 5 %. Had he sold it for Tk 56.25 more he would have gained 10%. What was the cost of the watch?

Solution:
Let, the price of watch x taka
According to the question,
x(100% - 5%) + 56.25 = x(100% + 10 %)
→ 95%x + 56.25 = 110% x
→ 15%x = 56.25
→ x = (5625/15)
→ x = 375 taka