Selling price of a book is Rs. 500. If the profit made by the shopkeeper is 25%, then what is the cost…
The cost price is Rs. 400. A 25% profit makes the selling price 125% of cost, so the cost is \(500/1.25=400\).
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Selling price of a book is Rs. 500. If the profit made by the shopkeeper is 25%, then what is the cost price of the book ?
Answer and explanation
Correct answer D
The cost price is Rs. 400. A 25% profit makes the selling price 125% of cost, so the cost is .
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