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Question
Before the budget, a businessman had increased the price of his product by 12%. In the budget, a 10% sales tax (to be paid by the seller) was imposed on that product. As a result, the profit ultimately increased by Tk 64. What was the original selling price?
Tk 8,500
Tk 8,000
Tk 9,000
Tk 9,500
None of these
ANSWER : 2
Descrption
<p>Let, Original selling price be x</p> <p>After increaseing 12% then the price x + 12 of x = 1.12x</p> <p>Now, vat to be paid 10% of 1.12x = 0.112x</p> <p>Need profit = 0.12x - 0.112x = 0.008x</p> <p>According to question, </p> <p>0.008x = 64</p> <p>x = 8000 Tk.</p>
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