Question
Download Solution PDFThe following pie-chart shows the percentage distribution of the expenditure incurred in publishing a book. Study the pie-chart and the answer the question based on it.
If the marked price of a book is set at 40% above the cost price, and the marked price is ₹280, what is the cost of the paper used in one copy of the book?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Marked Price (M.P) = ₹280
Cost Price (C.P) = M.P / 1.4
Paper Cost = 25% of C.P
Formula used:
C.P = M.P / 1.4
Paper Cost = 25% of C.P
Calculation:
C.P = 280 / 1.4
⇒ C.P = ₹200
Paper Cost = 25% of 200
⇒ Paper Cost = ₹50
∴ The cost of the paper used in one copy of the book is ₹50.
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