The owner of Book Point does not get either profit or loss by selling ...
CP of 1 book = Rs 15 SP of 1 book in order to gain 25% profit = Rs 18.75
View all questions of this testThe owner of Book Point does not get either profit or loss by selling ...
Given:
Selling price of 15 books = Rs 225
No profit or loss
To Find:
Number of books to be sold to gain 25% profit
Solution:
Let the cost price of each book be x.
Total cost price of 15 books = 15x
Given, Selling price of 15 books = Rs 225
Therefore, selling price of each book = 225/15 = 15
Since there is no profit or loss,
Total cost price = Total selling price
15x * 15 = 225
x = 225/225
x = 1
So, the cost price of each book is Rs 1.
To gain 25% profit, the selling price should be 1.25 times the cost price.
Selling price of each book = 1.25
Let the number of books to be sold for the same amount be n.
Total selling price of n books = 15 (since selling price of 15 books is Rs 225)
Therefore, 1.25n = 225
n = 180/1.25
n = 144
Therefore, the owner should sell 12 books for the same amount to gain a 25% profit. Answer: (C)
The owner of Book Point does not get either profit or loss by selling ...