The price of the book is marked 20% above the C.P. If the marked price of the book is Rs. 180, then what is the cost of the paper used in a single copy of the book?
A
Rs. 36
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B
Rs. 37.50
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C
Rs. 42
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D
Rs. 44.25
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Solution
The correct option is BRs. 37.50 Clearly, marked price of the book = 120% of C.P. Also, cost of paper = 25% of C.P Let the cost of paper for a single book be Rs. n. Then, 120:25=180:n⇒n=Rs.(25×180120)=Rs.37.50