Mohan bought 25 books for ₹2,000 and sold them at a profit equal to the selling price of 5 books. The selling price of 1 book is:
Answer & explanation
Correct answer: option 1
S.P. of 25 - C.P. of 25 = S.P. of 5 (profit)
S.P. of 20 = C.P. of 25
C.P. of 25 = Rs. 2000 (given)
Therefore,
S.P. of 20 = Rs. 2000
S.P. of 1 = Rs. 100/-