A publisher prints 2000 copies of a book for rs 2400. He distributed 500 copies free. If he gives 25% discount and announces that he will give one book free on selling of 24 books. In this manner he sold all the books and m.P. Of each book is 3.25 rs then find his profit or loss?
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According to question,
CP of 2000 books are = Rs. 70,000
CP of 1 book is =700002000=Rs.35=700002000=Rs.35
Marked Price of 1 book = Rs. 75
Discount = 30%
Selling Price of 1 book = Rs. 52.5
He distribute 400 books free
∴∴ SP of 1600 books = 52.5××1600
= Rs. 84000
Profit = SP - CP
= 84000 - 70000
= Rs. 14000
Profit% =1400070000×100=1400070000×100
= 20% gain
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