Problem: X sells an item to Y at a profit of 28% and Y sells the same item to Z at a loss of 25% on his cost. If Y had sold the item to Z at Tk. 2 less than what it costs to X, what is the cost of the item to X in Taka?
View all: NCC BANK LTD | WRITEN QUESTION(MATH) | 2002
Correct Answer: 50 TK
Explanation:
Let, the cost of item to X is x Tk.
Cost price on = (x x $\frac{28}{100}$+x) = 1.28x Tk
Cost price of Z = (1.28x – 1.28x x $\frac{258}{100}$) Tk= (1.28x— 0.32) = .96x Tk
According to the question, x = 0.96x + 2
=>x — 0.96x = 2
=>0.04x = 2
x = 50 Tk
