Multiple choice

A publisher publishes 2000 copies of a book at a cost of Rs. 70,000. He distributes 400 copies free as specimen copies. For the rest of books he gave a 30% discount on the marked price of each book and the marked price is given as Rs. 75. What is his gain or loss percentage?

  1. 28%

  2. 25%

  3. 20%

  4. 32%

  5. None of these
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost = 70000. 2000 copies, 400 free, 1600 sold. Marked price = 75. Discount 30% = 52.5 per book. Revenue = 1600 * 52.5 = 84000. Profit = 84000 - 70000 = 14000. Profit % = (14000/70000) * 100 = 20%.

AI explanation

The total cost is Rs. 70000 for 2000 copies, and 1600 copies are sold after giving away 400 free copies. The selling price per book is 70 percent of the Rs. 75 marked price due to the 30 percent discount, making it Rs. 52.50 per book. The total revenue is 1600 * 52.50 = Rs. 84000, creating a profit of 84000 - 70000 = Rs. 14000. Using the profit percentage formula, (14000 / 70000) * 100 equals 20 percent.

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