A bookseller buys paper at Rs 50 per ream. At what price quire should he sell it so as to gain 20%?
Answers
Given:
1 ream = 20 quires .
Cost price= Rs 50 .
To Find :
Cost of per quire
Solution:
FINDING COST PRICE OF PER QUIRE -
20 quires = Rs 50
1 quire = 50/20 = 2.5
Cost Price of per Quire = Rs 2.5
FINDING GAIN -
Given : Gain = 20 % .
Gain percentage on cost price
2.5 x 20/100 = 0.5
Gain = 0.5
FINDING SELLING PRICE -
Selling Price = Cost Price + Gain
Selling Price = 2.5 + 0.5 = 3 .
Hence, SELLING PRICE OF PER QUIRE = Rs 3.
Answer:
Given:
1 ream = 20 quires .
Cost price= Rs 50 .
FINDING COST PRICE OF PER QUIRE -
20 quires = Rs 50
1 quire = 50/20 = 2.5
Cost Price of per Quire = Rs 2.5
FINDING GAIN -
Given : Gain = 20 % .
Gain percentage on cost price
2.5 x 20/100 = 0.5
Gain = 0.5
FINDING SELLING PRICE
Selling Price = Cost Price + Gain
Selling Price = 2.5 + 0.5 = 3 .
SELLING PRICE OF PER QUIRE = Rs 3.