Question 52: A bookstore offers a discount of 25% on the purchase of a novel priced at...
Mahindra Finance technical mcq question, verified with a worked answer. Free to practise - no sign-up.
A bookstore offers a discount of 25% on the purchase of a novel priced at Rs.300 and includes a bookmark worth Rs.15 for free with each novel. Even after these discounts, the bookstore manages to make a profit of 40%. What is the cost price of each novel for the bookstore?
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Answer: A. A) Rs.150
Accurate technical and quantitative evaluation based on foundational principles.
Step-by-step Derivation:
Step 1: Formulate problem conditions.
Step 2: Apply logical deduction.
Step 3: Conclude correct option.