Question : A publisher supplies books to a bookseller at a 20% discount on the list price of INR 1,574.80. If the book-seller sells books at the list price and if his expenses for freight etc. are INR 45.40, determine his profit.
Option 1: INR 285.34
Option 2: INR 269.46
Option 3: INR 273.50
Option 4: INR 282.22
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Correct Answer: INR 269.46
Solution :
Given, Discount = 20%
Amount paid by the bookseller
= 80% of 1574.80 = $\frac{80}{100}\times 1574.80$ = INR 1,259.84
Also, expenses = INR 45.50
⇒ The total cost price = INR 1,259.84 + INR 45.50 = INR 1,305.34
Selling price = 1574.80
⇒ Profit = 1574.80 - 1305.34 = INR 269.46
Hence, the correct answer is INR 269.46.
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