Question

the conceptum publication sold 500 copies of book at a profit of 24%.If a book costs him Rs 15 find the selling price of book​

Answer 1

Selling price = 18.6

Step-by-step explanation:

There are two methods through which we can find the selling price of the book.

First,

Cost price of the book = 15₹

Total profit on selling books = 24%

Selling price of the book = 18.6

• => 15×24/100=3.6

• => 15+3.6=18.6

Second,

Copies sold = 500

cost price = 15

cost price of 500 books = 7500

• => 500×15=7500

Profit on selling = 24%

Total selling price = 9300

• => 7500×24/100=1800
• => 7500+1800=9300

Selling price of each book = 18.6

• => 9300/500=18.6