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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 person incurs a loss of 10% by selling a watch for Rs. 450. At what price should the watch be sold to earn 10% profit?
  2. Two bikes were sold for a total of ₹ $1,50,000$. One bike was sold at $33\frac{1}{3}\%$ loss and the other at $20\%$ profit. The cost price of the first bike is equal to the selling price of the other bike. Find the over all loss.

  3. What will be the profit percentage on selling an article at a certain price if there is $30\%$ loss on selling the article at $\frac{3}{5}$ of the selling price?

  4. 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 :
  5. 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?
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