Bhajan Singh purchased 120 reams of paper at ₹80 per ream. He spent ₹280 on transportation, paid octroi at the rate of 40 paise per ream and paid ₹72 to the coolie. If he wants to make a gain of 8%, what must be the selling price per ream?
A
90
B
89
C
87.48
D
86
Correct Option:
A
Explanation
Paper cost = 120 × 80 = ₹9,600. Transport cost = ₹280, octroi = 120 × ₹0.40 = ₹48, and the coolie charge = ₹72. Total cost = ₹10,000. At an 8% gain, total selling price = ₹10,800, hence 10,800 ÷ 120 = ₹90 per ream.
