A retail buyer purchases 15 white shirts for Tk. 1,000 and 5 red shirts for Tk. At what average price (in Tk.) the retailer should sell a shirt if he wants to make a profit of Tk. 50 on each shirt?
Solution
Correct Answer: Option E
total buying price = (1000+400)=1400 after, selling 20 shirts in 50 taka profit then price is =1400+1000=2400 tk so, average price each shirt=2400/20=120 tk
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