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Question
When Mr. Sen imports some raw materials he has to pay 7% import duty on the portion of the total value of the item in excess of TK. 1000. If the amount of import duty he paid was TK. 87.50 then what was the value of the raw material that he imported ?
TK. 1,250
TK.2,250
TK. 2,500
TK. 2,750
None of these
ANS : 2
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