The cost of setting up a magazine is Rs. 2800. The cost of paper and ink etc is Rs. 80 per 100 copies and printing cost is Rs. 160 per 100 copies. In last month 2000 copies were printed but only 1500 copies could be sold at Rs. 5 each. Total 25% profit on the sale price was realized. There is one more resource of income from magazine which is advertising. What sum of money obtained from the advertising in magazine?
A. Rs. 1750
B. Rs. 2350
C. Rs. 1150
D. Rs. 1975
E. None of these
Answer: Option D
Solution(By Examveda Team)
Set up cost = Rs. 2800Paper etc = Rs. 1600
Printing cost = Rs. 3200
Total cost = Rs. 7600
Total sale price = 1500 × 5 = 7500
Let amount obtained from advertising be x then,
(7500 + x) - 7600 = 25% of 7500
x = 1975
This Question Belongs to Arithmetic Ability >> Profit And Loss
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There is one more resource of income from magazine(x) which is advertising, so total income will be= 7500+x(which is considered sale price)
total cost = 7600
profit =( sale price-cost price)/cost price = (7500 + x) - 7600 = 25% of 7500
x = 1975
Why did we add x with the sale price?
Let amount obtained from advertising be x then,
(7500 + x) - 7600 = 25% of 7500
x = 1975
how it comes?
Printing Cost is given Rs. 160 per hundred copies.
So, total printing cost for 2000 copies,
= (160 * 2000)/100 = Rs. 3200.
Paper etc = Rs. 1600
Printing cost = Rs. 3200
didnot get this statement