Multiple choice

A publisher printed 3000 copies of ‘Future Shock’ at a cost of Rs2400. He gave 500 copies free to different philanthropic institutions. He allowed a discount of 25% on the published price and gave one copy free for every 25 copies bought at a time. He was able to sell all the copies in this manner. If the published price is Rs3.25, what is his overall gain or loss percentage in the whole transaction?

  1. 113

  2. 120

  3. 162

  4. 144

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

Total cost = Rs2400 for 3000 copies. 500 copies given free, so 2500 copies for sale. Published price = Rs3.25 with 25% discount, selling price = Rs3.25×0.75 = Rs2.4375. Free copies: for every 25 bought, 1 free, so for 2500 sold, 100 free copies. Total copies actually sold = 2400. Revenue = 2400×2.4375 = Rs5850. Gain = 5850-2400 = Rs3450. Gain% = (3450/2400)×100 = 143.75% ≈ 144%.

Keep practicing — related questions