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Question

A buys $n$ copies of a book at 20% discount. B gets the same book at 30% discount. What is the minimum value of $n$ for which B can buy one extra copy of the book, spending the same amount as A?

The correct answer is
7

Calculating Minimum Book Copies ($n$)

The problem requires finding the minimum value of $n$ where buyer A purchases $n$ book copies at a 20% discount, and buyer B purchases $n+1$ copies (one extra) at a 30% discount, spending the exact same total amount.

Cost Calculation Steps

  • Let the marked price (MP) of a single book be $M$.
  • Buyer A's Costs:
    • Discount = 20%
    • Cost per book = $M \times (1 - 0.20) = 0.80M$
    • Total cost for $n$ books = $n \times 0.80M = 0.8nM$
  • Buyer B's Costs:
    • Discount = 30%
    • Cost per book = $M \times (1 - 0.30) = 0.70M$
    • Number of books = $n+1$
    • Total cost for $n+1$ books = $(n+1) \times 0.70M = 0.7(n+1)M$

Solving the Equation for $n$

Equating the total costs:

Total Cost (A) = Total Cost (B)

$0.8nM = 0.7(n+1)M$

Assuming the marked price $M$ is not zero, we can cancel $M$:

$0.8n = 0.7(n+1)$

Distribute the 0.7:

$0.8n = 0.7n + 0.7$

Subtract $0.7n$ from both sides:

$0.1n = 0.7$

Solve for $n$:

$n = \frac{0.7}{0.1}$

$n = 7$

Conclusion

The calculation shows that the minimum value for $n$ is 7. Therefore, Buyer B needs to buy 8 copies (7+1) to spend the same amount as Buyer A spending on 7 copies.

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Important Questions from Profit & Loss (Notes)

  1. A shopkeeper bought an item for ₹7825 and marked it at 30% higher than the cost price. If he sells the item by allowing 20% discount, then his profit percentage will be :
  2. A bought an article at a certain price and sold it at 10% profit. B bought the same article at a price 10% lesser than A and sold it at ₹18 lesser than A. B's gain percentage in this deal is 20%. At what price B bought the article?
  3. A shopkeeper earned a profit (in ₹) by selling an item, which is three times the discount offered (in ₹). If the discount offered is 6.25%, what is his profit percentage ?
  4. The Loss incurred by selling an article at Rs.$2042$ is $75\%$ of the gain attained by selling the same article at Rs.$2532$. Find the cost price of the article. (In Rs.)
  5. When a plot is sold for Rs.$26980$, the owner loses $24\%$. At what price must that plot be sold in order to gain $24\%$? (In Rs.)
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