Problem: A manufacturer of TV wants to make a profit of Tk. 3,00,000 on sale of 200 TV sets. It costs Tk. 10,000 each to make the first 100 TV sets and Tk. 7,500 to make each additional TV set. What should be the selling price of each TV set in Taka?
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Correct Answer: TK 10250
Explanation:
Total cost of 200 TV sets = 10,000 x 100 + 7500 x 100= Tk. 17,50,000
Total selling price = Cost price + Profit= 1750000 + 3,00,000 = Tk. 20,50,000
Selling price of each TV set =$\frac{2050000}{200}$= Tk. 10,250