Finding Increase or Decrease Percentage in Situations
A publisher s...
Question
A publisher sells books to a retail dealer at Rs. 5 a copy but allows 25 copies to be counted as 24. If the retailer sells each of the 25 copies at Rs. 6, his profit percent is:
A
20%
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B
25%
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C
24%
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D
40%
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Solution
The correct option is A25% The cost of 25 copies to the retailer =5×24= Rs. 120.
The SP of 25 copies =6×25= Rs. 150 Profit %=150−120120×100