Jagran group launched a new magazine in January 2004. The group printed 10000 copies initially for Rs. 50000. It distributed 20% of its stock freely as specimen copy and 25% of the rest magazine are sold at 25% discount and rest at 16.66% discount whose printing price was Rs.12 per copy. What is the overall gain or loss in the first month's issue of magazine, if the magazine could not realize the income from advertisements or other resources?

56% profit
27% loss
16.66% profit
38% profit

Correct Answer: 56% profit

Explanation:

Total cost = Rs. 50,000
Total sale price (or revenue) = (2000 x 9) + (6000 x 10) = 78,000
Profit (%) = [ 28000 / 50000 ] x 100
= 56%

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