A publisher printed 3000 copies of a book for sale, the cost of each book being Rs. 7.00. He distributed 500 copies to different institutions free of cost. He allowed a book free of cost for each 24 books purchased. If the price of each book is fixed at Rs. 14.50. determine the rate of profit or loss of the publisher.

A publisher printed 3000 copies of a book for sale, the cost of each b

1.	A publisher printed 3000 copies of a book for sale, the cost of each book being Rs. 7.00. He distributed 500 copies to different institutions free of cost. He allowed a book free of cost for each 24 books purchased. If the price of each book is fixed at Rs. 14.50. determine the rate of profit or loss of the publisher.
A.	66% loss
B.	66% profit
C.	60% profit
D.	60% loss
Answer» C. 60% profit

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