The cost of setting up the type of magazine is ₹1000. the cost of running the printing machine is ₹120 per 100 copies, the cost of paper, ink and so on is 60 paise per copy. - Mathematics

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MCQ

The cost of setting up the type of magazine is ₹1000. the cost of running the printing machine is ₹120 per 100 copies, the cost of paper, ink and so on is 60 paise per copy. The magazines are sold at ₹2.75 each. 900 copies are printed, but only 784 copies are sold. What is the sum to be obtained from advertisements to give a profit of 10% on the cost?

Options

  • ₹ 730

  • ₹ 720

  • ₹ 726

  • ₹ 736
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Solution

₹ 726

Explanation:

Cost of the setting of magazine = 1000

Cost of printing 100 copy of magazine = 120

∴ Cost of 900 copy = 120 × 9 = 1080

Cost of ink etc = 60 × 900 = 540

Total cost = 1000 + 1080 + 540 = ₹ 2620

S.P of 784 magazine = 784 × 2.75 = ₹ 2156

For getting Profit of 10%
he should get`=110/100xx2620=2882`

Amount to recover = 2882 − 2156 = ₹ 726

Concept: Profit and Loss (Entrance Exam)
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