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    Question

    A man purchased a book for an amount equal to the simple

    interest earned on Rs. 6000 lent to a friend for 2 years at an interest rate of 4% per annum. If the book is sold at a profit of 20% after a discount of 10%, what is the marked price of the book?
    A Rs. 720 Correct Answer Incorrect Answer
    B Rs. 640 Correct Answer Incorrect Answer
    C Rs. 680 Correct Answer Incorrect Answer
    D Rs. 960 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Cost price of the book = (6000 ├Ч 2 ├Ч 4)/100 = Rs. 480 Profit = 20% Selling price of the book = 1.2 ├Ч 480 = Rs. 576 Discount = 10% Marked price of the book = 576 ├╖ 0.9 = Rs. 640

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