A publisher printed 5000 copies of a book at a cost of Rs. 62,000. He distributes 1000 copies free as specimen copies. He gave 35% discount… — Answer & Discussion

A publisher printed 5000 copies of a book at a cost of Rs. 62,000. He distributes 1000 copies free as specimen copies. He gave 35% discount on printed price and the printed price of each book is Rs. 31. What is his gain or loss percentage?

A30% gain
B30% loss
C20% loss
D20% gain

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Discussion 1

CCommunity04 May 2019

Total Cost Price = Rs. 62,000

Out of 5000 copies, he distributed 1000 copies for free. Hence, the selling price of these 1000 copies is zero.

Printed Price = Rs. 31

Selling Price = 65% of 31 (? He gave 35% discount on the printed price)

Total Selling Price of 4000 copies = 4000 × (65/100) × 31 = Rs. 80600

Profit = 80600 – 62000 = Rs. 18600

Profit Percentage = (18600/62000) × 100 = 30%