Question

A certain number of books are bought for Rs 600 per dozen and all of them are sold at a profit of 20%. Find the selling price for each book.

• A. Rs 60
• B. Rs 20
• C. Rs 50
• D. Rs 40

Answer 1

The correct option is A

Rs 60

Cost price = Rs 600 for 12 pieces or Rs 50 per piece

Profit = 20% of Rs 50 = $\frac{20}{100}\times 50$ = Rs 10

Selling price = Cost price + Profit = 50 + 10 = Rs 60