A retail buyer purchase 15 while dress shirts for tk. 1000 and 5 striped dress shirts for tk. At what average price the retailer should sell a dress shirt if he wants to make a profit of tk. 50 each shirt?
Solution
Correct Answer: Option E
Total cost = 1000+400 = Tk. 1400
Total shirts = 15+5 = 20
Total profit = 20×50 = Tk. 1000
Total selling prices = 1400+1000 = Tk. 2400
So, Price = 2400/20 = Tk. 120 (Ans.)
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