Question

A shopkeeper buys paper at Rs 50 per ream. To gain 20%, the selling price per quire will be (take 1 ream = 20 quires)

• A. Re 1
• B. Rs 2
• C. Rs 3
• D. Rs 5

Answer 1

The correct option is C Rs 3

Shopkeeper buys paper at Rs 50 per ream

1 ream=20 quires(given)

20 quires he buys at Rs50

1 quire he buys at=$Rs\frac{50}{20}$

To gain 20 percant, selling price per quire will be

$Rs(\frac{50}{20}+\frac{20}{100}\times \frac{50}{20})$

$(2.5+0.5)=Rs3$