The price of a loaf of bread was increased by 20%. How many loaves can be purchased now for the amount of money used to buy 300 loaves at the earlier price?
Solution
Correct Answer: Option B
suppose,price of one piece of loaf is 1 tk at 20% profit, current price=1.2 tk in 1.2 taka we get 1 loaf in 1 taka we get 1/1.2 loaf in 300 taka we get 300/1.2=250 loaf
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