A book seller sells a book at a profit of 10%. If he had bought it at 4% less
A book seller sells a book at a profit of 10%. If he had bought it at 4% less and sold it for Rs.6 more, he would have gained $$18\frac{3}{4}%$$. The cost price of the book is
ARs.130
BRs.140
CRs.150
DRs.160
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Correct Answer:
C) Rs.150
Explanation:
Let CP = x
The, SP =\(\Large\frac{110x}{100} = Rs.\frac{11x}{10}\)Now, CP = 96% of x =\(\Large\frac{96x}{100} = Rs.\frac{24x}{25}\)
Now according to the question,
SP = Rs.\(\left( \frac{11x}{10} + 6 \right)\)\(\left( \frac{11x}{10} + 6 \right) = \Large118\frac{3}{4}% of \frac{24x}{25}\)
\(\Large\frac{11x + 60}{10} = \frac{475}{400}\times\frac{24x}{25} = \frac{57x}{50}\)
\(\implies 550x + 3000 = 570x \)
\(20x = 3000\)
\(X = \Large\frac{3000}{20} = 150\)CP = 150
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