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Varun purchased a book and sold it at a profit of 20% to Vijay. If Vijay paid? ₹ 1440 to Varun, then at what price did Varun buy the book?
- a)₹ 1000
- b)₹ 1150
- c)₹ 1200
- d)₹ 1100
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Varun purchased a book and sold it at a profit of 20% to Vijay. If Vij...
Understanding the Problem
Varun sold a book to Vijay for 1440 with a profit of 20%. We need to find out the price at which Varun originally bought the book.
Calculating the Cost Price
To find the cost price (CP), we can use the formula for selling price (SP) in relation to profit percentage:
- Selling Price = Cost Price + Profit
- Profit = Cost Price * Profit Percentage
Since the profit percentage is 20%, this can be expressed as:
- Profit = Cost Price * 20/100 = Cost Price * 0.2
Now, we can rewrite the Selling Price equation:
- Selling Price = Cost Price + (Cost Price * 0.2)
This simplifies to:
- Selling Price = Cost Price * (1 + 0.2) = Cost Price * 1.2
Setting Up the Equation
Given that the Selling Price is 1440, we have:
- 1440 = Cost Price * 1.2
Solving for Cost Price
To find the Cost Price, we rearrange the equation:
- Cost Price = 1440 / 1.2
Calculating:
- Cost Price = 1440 / 1.2 = 1200
Conclusion
Thus, the price at which Varun bought the book is:
- 1200
Therefore, the correct answer is option 'C'.
Varun sold a book to Vijay for 1440 with a profit of 20%. We need to find out the price at which Varun originally bought the book.
Calculating the Cost Price
To find the cost price (CP), we can use the formula for selling price (SP) in relation to profit percentage:
- Selling Price = Cost Price + Profit
- Profit = Cost Price * Profit Percentage
Since the profit percentage is 20%, this can be expressed as:
- Profit = Cost Price * 20/100 = Cost Price * 0.2
Now, we can rewrite the Selling Price equation:
- Selling Price = Cost Price + (Cost Price * 0.2)
This simplifies to:
- Selling Price = Cost Price * (1 + 0.2) = Cost Price * 1.2
Setting Up the Equation
Given that the Selling Price is 1440, we have:
- 1440 = Cost Price * 1.2
Solving for Cost Price
To find the Cost Price, we rearrange the equation:
- Cost Price = 1440 / 1.2
Calculating:
- Cost Price = 1440 / 1.2 = 1200
Conclusion
Thus, the price at which Varun bought the book is:
- 1200
Therefore, the correct answer is option 'C'.
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Community Answer
Varun purchased a book and sold it at a profit of 20% to Vijay. If Vij...
Let C.P. = ₹ x
C.P. + 20% of C.P. = S.P.
= 240 x 5 = ₹ 1200
C.P. + 20% of C.P. = S.P.
= 240 x 5 = ₹ 1200
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Varun purchased a book and sold it at a profit of 20% to Vijay. If Vijay paid? 1440 to Varun, then at what price did Varun buy the book?a) 1000b) 1150c) 1200d) 1100Correct answer is option 'C'. Can you explain this answer?
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Varun purchased a book and sold it at a profit of 20% to Vijay. If Vijay paid? 1440 to Varun, then at what price did Varun buy the book?a) 1000b) 1150c) 1200d) 1100Correct answer is option 'C'. Can you explain this answer? for Class 7 2025 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about Varun purchased a book and sold it at a profit of 20% to Vijay. If Vijay paid? 1440 to Varun, then at what price did Varun buy the book?a) 1000b) 1150c) 1200d) 1100Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 7 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Varun purchased a book and sold it at a profit of 20% to Vijay. If Vijay paid? 1440 to Varun, then at what price did Varun buy the book?a) 1000b) 1150c) 1200d) 1100Correct answer is option 'C'. Can you explain this answer?.
Varun purchased a book and sold it at a profit of 20% to Vijay. If Vijay paid? 1440 to Varun, then at what price did Varun buy the book?a) 1000b) 1150c) 1200d) 1100Correct answer is option 'C'. Can you explain this answer? for Class 7 2025 is part of Class 7 preparation. The Question and answers have been prepared according to the Class 7 exam syllabus. Information about Varun purchased a book and sold it at a profit of 20% to Vijay. If Vijay paid? 1440 to Varun, then at what price did Varun buy the book?a) 1000b) 1150c) 1200d) 1100Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Class 7 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Varun purchased a book and sold it at a profit of 20% to Vijay. If Vijay paid? 1440 to Varun, then at what price did Varun buy the book?a) 1000b) 1150c) 1200d) 1100Correct answer is option 'C'. Can you explain this answer?.
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Varun purchased a book and sold it at a profit of 20% to Vijay. If Vijay paid? 1440 to Varun, then at what price did Varun buy the book?a) 1000b) 1150c) 1200d) 1100Correct answer is option 'C'. Can you explain this answer?, a detailed solution for Varun purchased a book and sold it at a profit of 20% to Vijay. If Vijay paid? 1440 to Varun, then at what price did Varun buy the book?a) 1000b) 1150c) 1200d) 1100Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of Varun purchased a book and sold it at a profit of 20% to Vijay. If Vijay paid? 1440 to Varun, then at what price did Varun buy the book?a) 1000b) 1150c) 1200d) 1100Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
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