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A bookseller bought 200 textbooks for 12,000. He wanted to sell them at a profit so that he got 20 books free. At what profit percent should he sell them?
- a)10%
- b)11%
- c)11.5%
- d)12%
Correct answer is option 'A'. Can you explain this answer?
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Verified Answer
A bookseller bought 200 textbooks for 12,000. He wanted to sell them ...
Cp of 200 Books = 12000
View all questions of this test
Cp of 1 Book = 12000/200 = 60
Total Profit to be earned = Cp of 20 Books = 20 × 60 = 1200+
Profit Percentage = 1200/12000 × 100 = 10%
Most Upvoted Answer
A bookseller bought 200 textbooks for 12,000. He wanted to sell them ...
Calculation:
To solve this problem, we need to first calculate the cost price of each textbook and then determine the selling price needed to achieve the desired profit.
Cost Price per textbook:
Cost of 200 textbooks = $12,000
Cost price per textbook = Total cost / Number of textbooks
Cost price per textbook = $12,000 / 200 = $60
Number of books to be sold to get 20 books free:
To get 20 books free, the bookseller needs to sell 200 + 20 = 220 books.
Selling Price for 220 books:
Let the selling price per textbook be SP.
Total cost = Cost price for 200 books + Cost price for 20 free books
Total cost = 200 * $60 + 20 * $60 = $12,000 + $1,200 = $13,200
Selling price for 220 books = $13,200
Profit Calculation:
Profit = Selling price - Cost price
Profit = $13,200 - $12,000 = $1,200
Profit percent = (Profit / Cost price) * 100
Profit percent = ($1,200 / $12,000) * 100 = 10%
Therefore, the bookseller should sell the textbooks at a profit of 10% to get 20 books free. So, option 'A' (10%) is the correct answer.
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A bookseller bought 200 textbooks for 12,000. He wanted to sell them at a profit so that he got 20 books free. At what profit percent should he sell them?a)10%b)11%c)11.5%d)12%Correct answer is option 'A'. Can you explain this answer?
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A bookseller bought 200 textbooks for 12,000. He wanted to sell them at a profit so that he got 20 books free. At what profit percent should he sell them?a)10%b)11%c)11.5%d)12%Correct answer is option 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about A bookseller bought 200 textbooks for 12,000. He wanted to sell them at a profit so that he got 20 books free. At what profit percent should he sell them?a)10%b)11%c)11.5%d)12%Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A bookseller bought 200 textbooks for 12,000. He wanted to sell them at a profit so that he got 20 books free. At what profit percent should he sell them?a)10%b)11%c)11.5%d)12%Correct answer is option 'A'. Can you explain this answer?.
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