Mohan bought 38 books for Rs.3500 and sold them at a profit equal to the selling price of 3 books. The selling price of 1 book is:
Answer & explanation
Correct answer: option 2
S.P. of 38 - C.P. of 38 = S.P. of 3 (profit)
S.P. of 35 = C.P. of 38
C.P. of 38 = Rs. 3500 (given)
Therefore,
S.P. of 35 = Rs. 3500
S.P. of 1 = Rs.100/-