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Arithmetic Aptitude :: Profit and Loss

77. The printed price on a book is 400, a bookseller offers a 10% discount on it. If he still earns a profit of 12%, the CP of the book is:

Answer: Option D

Explanation :

Lets assume book CP = Rs. X

Given printed price = Rs 400
Bookseller offer discount of 10% = 0.1*400= Rs. 40
Therefore new S.P = Rs.360
Condition: He still earn profit of 12%
x*120/100 = Rs. 360
=>x = Rs.360*100/120= Rs.300

Asked In :: IBM

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