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Question
On selling an article for Tk. 550, a man gains 10%. What will be the selling price, if desired profit is 20%?
Tk. 500
Tk. 600
Tk. 660
Tk. 715
Tk. 800
ANSWER : 2
Descrption
<p>At 10% gain, </p> <p>If selling price Tk(100 + 10) or 110 cost Tk.110</p> <p>If selling price Tk.550 cost Tk. = (100 × 550)/110 = Tk.500</p> <p>At 20% profit, </p> <p>Selling price = 500 + 500 × 20% </p> <p> = 500 + 500 × 20/100 = 600</p>
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