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A publisher printed 3000 copies of a book for sale, the cost of each book being Rs. 7.00. He distributed 500 copies to different institutions free of cost. He allowed a book free of cost for each 24 books purchased. If the price of each book is fixed at Rs. 14.50. determine the rate of profit or loss of the publisher.
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- 66% loss
- 66% profit
- 60% profit
- 60% loss
Correct Option: B
On the basis of given details in question ,
Total cost of the books = Rs. (3000 × 7) = Rs. 21000
500 books are given free of cost.
Selling price for 25 books = 24 × 14.50 = Rs. 348
∴ Total selling price = Rs. 34800
∴ Gain = Rs. (34800 – 21000) = Rs. 13800
| ∴ Gain% = | × 100 ≈ 66% | 21000 |
