The given pie chart shows the percentage distribution of the expenditure incurred in publishing a book. Study the chart and answer the question that follows.
If 2500 copies are published and the printing cost for them ampunts to 160,000, then what should be the selling price of a book such that the publisher can earn a profit of 25%?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹400.
If 20% = ₹160,000
Then 100% = ₹160,000 ÷ 0.20 = ₹800,000
Selling price of all books = ₹800,000 × 1.25 = ₹1,000,000
Selling price per book = ₹1,000,000 ÷ 2500 = ₹400