If for the edition of a book, the cost of paper is Rs. 56250. Promotion cost is 10%. Find the promotion cost of the edition.
Understand the Problem
The question is asking to calculate the promotion cost based on the total cost of paper for the edition of the book. The promotion cost is defined as 10% of the cost of the paper, which is given as Rs. 56250. To solve this, we will find 10% of Rs. 56250.
Answer
Rs. 5625
Answer for screen readers
The promotion cost is Rs. 5625.
Steps to Solve
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Identify the percentage to be calculated We need to find 10% of the total cost of the paper, which is Rs. 56250.
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Convert percentage to decimal To calculate 10%, we convert it to decimal form. $$ 10% = \frac{10}{100} = 0.10 $$
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Calculate the promotion cost Now, multiply the total cost of the paper by the decimal representation of the percentage. $$ \text{Promotion Cost} = 0.10 \times 56250 $$
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Perform the multiplication Now, we do the calculation: $$ \text{Promotion Cost} = 0.10 \times 56250 = 5625 $$
The promotion cost is Rs. 5625.
More Information
The promotion cost is 10% of the total cost of paper, which in this case amounts to Rs. 5625. Understanding percentages is crucial in financial calculations, and this problem illustrates a common application.
Tips
- Mistaking the percentage conversion: Ensure you divide by 100 to convert a percentage into a decimal.
- Forgetting to multiply the entire amount: Some might only take 10 from Rs. 56250 instead of calculating 10% correctly.
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