Difficulty: Medium
Correct Answer: 28 4/7%
Explanation:
Introduction / Context:
This question combines two commercial concepts: trade discount to customers and commission from the publisher. The book seller gets a commission on the printed price but also gives a discount to the buyer. The net effect on profit can be found only by carefully tracking all money flows. Such problems are common in aptitude tests focused on profit and loss and commercial arithmetic.
Given Data / Assumptions:
Concept / Approach:
The idea is:
Step-by-Step Solution:
Let printed price (marked price) be M.
Customer pays 10% less, so SP = 0.9M.
Seller gets 30% commission from publisher, that is 0.3M.
Amount remitted by seller to publisher = M - 0.3M = 0.7M.
This 0.7M is effectively the cost price CP for the seller.
Thus CP = 0.7M and SP = 0.9M.
Profit = SP - CP = 0.9M - 0.7M = 0.2M.
Profit percent = (0.2M / 0.7M) * 100 = (2 / 7) * 100.
(2 / 7) * 100 = 28.5714%, which is 28 4/7% approximately.
Verification / Alternative check:
Take a simple value, for example M = Rs 100. Then:
Why Other Options Are Wrong:
20% assumes profit is simply 10% of printed price, ignoring commission. Options 25% and 26 3/7% underestimate the real impact of the commission and discount combined. 18% is even smaller and does not match any logical combination. Only 28 4/7% correctly reflects the net margin after considering both discount and commission.
Common Pitfalls:
Many learners treat the 30% commission as extra profit without seeing that it also changes the effective cost to the seller. Others use the customer price as cost and get wrong percentages. Always identify who pays what to whom and treat what the seller finally pays out as cost price, and what the seller receives from the customer as selling price.
Final Answer:
The book seller makes a profit of 28 4/7% on the book.
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