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Mohan bought 25 books for $ 2,000 and sold them at a profit equal to the selling price of 5 books. The selling price of 1 book is
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- $ 100
- $ 120
- $ 150
- $ 200
Correct Option: A
Let the SP of 1 book = y
∴ SP of 25 books = 25y
According to the question,
25y – 2000 = 5y
⇒ 25y - 5y = 2000
⇒ 20y = 2000
⇒ y = | = 100 | 20 |
∴ SP of 1 book = $ 100