Q.2
A book seller allows a discount of 10% on the marked price of a certain
category of books. What price must be marked on the book which costs
him Rs.600 to make a profit of 20%?
1) Rs.792 2) Rs.800
3) Rs. 720
4) Rs.726
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Answers
Answer:
720 is correct answer may be it is helpfully for you
Answer:
Step-by-step explanation:
The answer in percentage terms is 27%.
I'm not going to bore you with Xs and Ys and some nebulous algebraic equation. Just try a real example.
Let us suppose the book is $10 and the publisher gives our seller a 30% commission which means he would normally get $3 in commission. Now if our seller offers a 10% discount on the $10 book the price would fall to $9. His commission will also drop by 10% which means he'll walk away with $2.70 which is 27% of $10.
To test your working try a book price of $50.
This time the seller’s commission is 30% of $50 which is $15. Now if he discounts the book by 10% he would sell the book for $45. His 30% commission would then be $13.50 (10% drop on $15). $13.50 is 27% of $50