A book seller buys 200 books for 12000 rupees. He wants to sell those on a profit so that he gets 20 books free of cost. By what percent profit he should sell books?
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Answer:
According to question,
CP of 200 book = 12000
CP of 1 book =
= Rs. 60
To get 20 books free
Profit = 20×60 = 1200
i.e. 10% of Rs. 12000
⇒10% gain
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