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The owner of Book Point does not get either profit or loss by selling 15 books for Rs 225. How many books should he sell for the same amount to gain 25% profit?
- a)10
- b)11
- c)12
- d)13
Correct answer is option 'C'. Can you explain this answer?
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The owner of Book Point does not get either profit or loss by selling ...
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Most Upvoted Answer
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
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The 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)
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)
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The owner of Book Point does not get either profit or loss by selling 15 books for Rs 225. How many books should he sell for the same amount to gain 25% profit?a)10b)11c)12d)13Correct answer is option 'C'. Can you explain this answer?
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