Question 78

A wholesaler sells books to a retailer at 10% profit. The retailer sells these books to customers at a profit of 8 %. If the customer pays ₹ 270 for a book. then find the cost of the book to the retailer.

Solution

The retailer sells these books to customers at a profit of 8 %. The customer pays ₹ 270 for a book.

$$CP = \frac{SP}{Profit \%}$$

$$CP = \frac{270}{1.08}$$

$$CP = 250$$

The cost of book to the retailer is ₹ 250

Option D is correct.

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