Introduction to the Basic Terms in Buying and Selling
A shopkeeper ...
Question
A shopkeeper bought 200 books at ₹30 each. He sold 150 of those at ₹25 each. What is the price he should sell the remaining books at, to have neither profit nor loss?
A
₹40
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B
₹45
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C
₹50
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D
₹55
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Solution
The correct option is B ₹45 Money spent on buying 200 books =200×30=₹6000
Money received on selling 150 books =150×25=₹3750
Selling price of remaining 50 books to have neither profit nor loss =6000−375050=225050=₹45