A book vendor sold a book at a loss of . Had he sold it for more, he would have earned a profit of . Find out the cost of the book.
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- B
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- D
Solution & Step-by-step Explanation
Let the Cost Price () of the book be .
Initially, selling at a loss means the selling price is of .
If sold for more, the profit is , making the new selling price of .
The difference between the two selling conditions corresponds to the cash increase:
According to the problem:
Therefore, the cost price of the book is .
Initially, selling at a loss means the selling price is of .
If sold for more, the profit is , making the new selling price of .
The difference between the two selling conditions corresponds to the cash increase:
According to the problem:
Therefore, the cost price of the book is .