The profit obtained on the sale of 15 books was Rs 1200 and the selling price of each book is Rs 640. If the marked price of the book is 25% more than its cost price, find the marked price of each book.
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Answer:
Selling price of each book = Rs.640
Selling price of 15 books
= Rs.(640 * 15) = Rs.9600
Profit = Rs.1200
Hence, Cost price
= Rs.(9600 - 1200) = Rs.8400
Marked price = 125% of cost price = 125/100 * 8400 = Rs.10500
Therefore, marked price of each book = Rs.(10500/15) = Rs.700
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so the ans is rupees 700
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