By selling a book for $R s . 360, 20 %$ profit was earned. What is the $C P$ of the book?

R s . 300

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R s . 200

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R s . 250

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Solution

The correct option is B $R s . 300$
We know that,
$S P = C P + P r o f i t$
$P r o f i t = x % \times C P = \frac{x}{100} \times C P$ ,where $x$ is the percent of profit
So, given $S P = 360$
$P r o f i t = 20 %$
Using above equation:-
$360 = C P + \frac{20}{100} \times C P$
$360 = C P + \frac{C P}{5}$
$C P = \frac{360 \times 5}{6} = 300$
Therefore, $C P = 300$

Suggest Corrections

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250

350

Rectify the following errors.

(i) Sales book overcast by Rs. 700.

(ii) Purchase book overcast by Rs. 500.

(iii) Sales return book overcast by Rs. 300.

(iv) Purchase return book overcast by Rs. 200.

(v) Sales book undercast by Rs. 300.

(vi) Purchase book undercast by Rs. 400.

(vii) Return inwards book undercast by Rs. 200.

(viii) Return outwards book undercast by Rs. 100.

Question 79. What was the percentage of discount offered?

1. Profit earned by selling the article for Rs. 252 after giving discount was Rs.52

2. Had there been no discount the profit earned would have been Rs.80

3. Had there been no discount the profit earned would have been 40%.

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