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A publisher printed 2000 copies of a book at a cost of $ 70,000. He distributes 400 copies free as specimen copies. He gave 30% discount on printed price and the printed price of each book is $ 75. What is his gain or loss percentage?
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- 20% gain
- 20% loss
- 10% loss
- 10% gain
Correct Option: A
| S.P. of each book = | = $ 52.50 | 100 |
Total S.P. = 1600 × 52.50 = $ 84000
Gain = 84000 – 70000 = $ 14000
| ∴ Gain % = | × 100 = 20% | 70000 |
