A bookseller sells all his books at a profit of 10%. If he buys a book from the distributor atRs200, how much does he sell it for
Question
A bookseller sells all his books at a profit of 10%. If he buys a book from the distributor at Rs200, how much does he sell it for?
Solution
To find out how much the bookseller sells the book for, we need to calculate the selling price.
Step 1: Calculate the profit amount. The profit percentage is given as 10%. To find the profit amount, we multiply the cost price by the profit percentage. Profit amount = Cost price * Profit percentage Profit amount = Rs200 * 10% = Rs20
Step 2: Calculate the selling price. The selling price is the sum of the cost price and the profit amount. Selling price = Cost price + Profit amount Selling price = Rs200 + Rs20 = Rs220
Therefore, the bookseller sells the book for Rs220.
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