Question
A bookstore owner earns 15% profit by selling a book for
Rs. 230 and a 25% profit by selling a magazine for Rs. 250. If he sells the book for Rs. 200, what is the minimum price at which he must sell the magazine to avoid any loss on the entire transaction?Solution
ATQ, Given: Book sold for Rs. 230 at a 15% profit. Magazine sold for Rs. 250 at a 25% profit. Assumption: Let the cost price of the book = Rs.'b' and the cost price of the magazine = Rs.'m' Calculation for book: 
Calculation for magazine: 
If the book is sold for Rs. 200, the loss on the book = Rs. 0 (no profit, no loss). Total cost = 200+200 = 400. To avoid any loss = 200+p= 400 ⇒ p = 200 Therefore, he must sell the magazine for at least Rs.200 to avoid any loss.
As per Final estimates of Foodgrain production 2023-24, what was the estimated total production of food grains in India?
Among the following states, which combination of five accounted for nearly 53% of the total cereal GVO at constant prices in 2023–24, and what does th...
Modified stem of Banana is
Which identification method has been newly approved for livestock insurance?
The carburetor of an internal combustion engine is used to mix fuel with-
Atlas 66 is a biofortified hybrid wheat variety which has been used as a donor for improving cultivated wheat and is rich in
What percentage of financial assistance is provided to Women Self-Help Groups (SHGs) for purchasing drones under the Central Sector Scheme?
What is the age range for farmers to be eligible for the Pradhan Mantri Kisan Maandhan Yojana (PMKMY)?
Which one is the American type breed of poultry?
What is the total corpus of the Agri Fund for Start-Ups & Rural Enterprises (AgriSURE)?
Relevant for Exams:
