A book publisher offers a novel to a bookstore at a 25% discount on the cover price. However, they charge an additional 8% of the cover price for shipping. The bookstore sells the novel for ₹1,500 more, earning a 30% profit. What was thw original price of the book?
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. ₹6000.
Let the original price of book be x.
Total cover price = 0.75x + 0.08x = 0.83x
Profit = 30% of 0.83x = 0.25x
Given, Profit = 1500
Now, 0.25x = 1500
⇒ x = 6000