A shopkeeper sold books at Rs. 340 each after giving discount of 15% o

1.	A shopkeeper sold books at Rs. 340 each after giving discount of 15% on marked price. Had he not given the discount, he would have earned a profit of 25% on cost price. What was the cost price of each book?1. 4002. 3203. 3404. 230
Answer» Correct Answer - Option 2 : 320 Given: Selling price of each book = Rs. 340 Shopkeeper gives a discount of 15% on marked price. Had he not given the discount, he would have earned a profit of 25% on cost price. Formula Used: Profit% = Profit/CP × 100 Loss% = Loss/CP × 100 Calculation: From question, Marked price × 85/100 = 340 MP = 400 Now, Cost price × 125/100 = 400 [As, If discount is not given, profit is 25%. It means book is being sold on Marked Price.] CP = Rs.320 ∴ Cost price of each book is Rs. 320

A shopkeeper sold books at Rs. 340 each after giving discount of 15% on marked price. Had he not given the discount, he would have earned a profit of 25% on cost price. What was the cost price of each book?1. 4002. 3203. 3404. 230

Answer» Correct Answer - Option 2 : 320

Given:

Selling price of each book = Rs. 340

Shopkeeper gives a discount of 15% on marked price.

Had he not given the discount, he would have earned a profit of 25% on cost price.

Formula Used:

Profit% = Profit/CP × 100

Loss% = Loss/CP × 100

Calculation:

From question,

Marked price × 85/100 = 340

MP = 400

Now, Cost price × 125/100 = 400 [As, If discount is not given, profit is 25%. It means book is being sold on Marked Price.]

CP = Rs.320

∴ Cost price of each book is Rs. 320

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