An article sells at Tk. The price gives a retailer a profit of 20% on the cost. What will be the new retail price in taka if he cuts his profit to 12% of cost?

A Tk. 50

B Tk. 45

C Tk. 56

D Tk. 52

Solution

Correct Answer: Option A

suppose, cost is x taka with 20% profit, cost (x+20x/100) here, x+20/100x=60 or,100x+20x/100=60 or,x=50 so, new retail price = 50+ 50 x 12/100=50+6=56

Solution

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