The profit earned after selling an article for Tk. 3,362 is the same as the loss incurred after selling the article for Tk. 2,346. At what selling price will a trader make a 20% profit on this article ?
Created: 5 years ago |
Updated: 8 months ago
best des
Given: Profit earned = Tk. 3,362 - Cost Price (C) Loss incurred = Cost Price (C) - Tk. 2,346
We want to find the selling price (S) for a 20% profit:
S = 1.20C
Setting profit equal to loss:
Tk. 3,362 - C = C - Tk. 2,346
Solving for C:
C = (Tk. 3,362 + Tk. 2,346) / 2 = Tk. 5,708 / 2 = Tk. 2,854
Now, find the selling price for a 20% profit:
S = 1.20C = 1.20 * Tk. 2,854 = Tk. 3,424.80
So, the selling price for a 20% profit is Tk. 3,424.80. None of the provided answer choices matches this calculated selling price. The answer is “ None of them”.
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