The profit earned by selling an article for Tk. 900 is double the loss incurred when the same article is sold for Tk. At what price should the article be sold to make 25% profit?
A Tk. 600
B Tk. 800
C Tk. 750
D None of these
Solution
Correct Answer: Option C
Let C.P be x Taka 900 - x = 2(x - 450) => x = 600 Taka C.P = 600 gain required is 25% S.P = [(100+25)*600]/100 =750 Taka
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