Question

A bookseller buys paper at rupees 50 per ream. at what price per quire should he sell it so as to gain 20%?

Answer 1

Given :

A shopkeeper buys rupees 50 per ream

And 1 ream  = 20 quires

So ,

Price of 20 quires =  Rs 50

Then

Price of 1 quires = 5020  =  2.5 

So , Selling price per quires  =  2.5  +  20% of 2.5   =  2.5   + 20 × 2.5100 =  2.5 + 2.55 =  2.5 + 0.5 = 3