Aaj tak decided to get into the print business and so it started publishing magazines. It printed 7000 magazines at a cost of rs44000. It distributed 1000 magazines free as a part of advertisement and promotion process. It allowed a discount of 20% on the published price and gave one extra copy when a retailer bought 19 copies at a time. It sold all the copies by this scheme. If the published price is rs11.25, find the gain or lose percentage for Aaj Tak.
Answers
Given : Aaj tak decided to get into the print business and so it started publishing magazines. printed 7000 magazines at a cost of rs44000. distributed 1000 magazines free . allowed a discount of 20% on the published price. gave one extra copy when a retailer bought 19 copies at a time.
To find : gain or lose percentage for Aaj Tak. if published price is rs11.25
Solution:
printed 7000 magazines at a cost of rs44000
=> Total Cost Price = 44000 Rs
Magazines available to sell = 7000
distributed 1000 magazines free as a part of advertisement and promotion process
=> Magazines available for Sale = 7000 - 1000 = Rs 6000
gave one extra copy when a retailer bought 19 copies at a time
=> for 20 Copies Sell , Amount received for 19 Copies
=> for 1 Copies Sell , Amount Received for 19/20 Copies
=> For 6000 Copies Sell , Amount Received for 6000 * 19/20 Copies
= 5700 Copies
Published price = Rs 11.25
Discount 20 %
Selling Price = 11.25 ( 1 - 20/100) = Rs 9
Amount Received = 5700 * 9 = Rs 51300
Gain = 51300 - 44000 = Rs 7300
Gain % = (7300/44000) * 100 = 16.59 %
16.59 % is the Gain percentage of for Aaj Tak.
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