The price of a loaf of bread increased by 20%.How many loaves can be purchased now by the amount of money used to buy 300 loaves at the earlier price?

The price of a loaf of bread increased by 20%.How many loaves can be purchased now by the amount of money used to buy 300 loaves at the earlier price?

A 240

B 250

C 280

D 320

Solution

Correct Answer: Option B

Let, earlier cost price of 1 loaf is Tk. x

So, Earlier cost price of 300 loaves is 300x

At 20% increase, x+x × 20% = 1.2x

Now, 300x/1.2x = 250 (Ans.)