Problem: A trader sells a product at a loss of 12.5%. If he sells it at Tk. 30 more than what he does. He makes a profit of 25% on his cost. Find cost of product to the trader.
View all: NATIONAL BANK | OFFICER | RECRUITMENT QUESTION(MATH) SOLVE | 1997
Correct Answer: TK 80
Explanation:
At 12.5% loss, selling price = (100 — 12.5) Tk. = 87.5 Tk.
At 25% profit, selling price would be = (100 + 25) Tk. = 125 Tk.
Difference of selling price = (125 — 87.5) Tk. = 37.5 Tk.
Selling price Tk. 37.5 more when cost price = Tk. 100
Selling price Tk. 30 more when cost price =$\frac{100\cdot30}{37.5}$= 80 Tk.