Problem: A good has been sold at a loss of 12%. [f it could be sold by Tk. 1000 more, there would have been profit of 8%. What is the cost price of that good?
View all: JANATA, SONALI, AGRANI & RUPALI BANK | OFFICER | WRITTEN QUESTION SOLVE(MATH) | 2008
Correct Answer: TK 5000
Explanation:
Let, Cost = 100 Tk.Profit =$(100+\frac{8}{100}x100)-(100-\frac{12}{100}x100)$= 20 Tk.
If profit is 20 Tk. more than the cost price = 100 Tk.
If profit is 1000 Tk. more than the cost price = $\frac{100}{20}x1000$ = 5,000 Tk.