Before the budget, a business had increased the price of his product by 12% . in the budget, a 10% sales tax (to be paid by the seller) was imposed on that product. As a result, the profit ultimately increased by Tk. What was the original selling price?

A Tk. 8500

B tk. 8000

C tk. 9000

D tk. 9500

Solution

Correct Answer: Option B

suppose, real selling price x tk 12% increase, selling price =(x+12x/100)=112x/100 as 10% tax, total tax is = (112x/100 X 10/100)=112x/1000 here,

112x/100 – (x+112x/1000)=64 or,1120x-1112x/1000=64 or,8x=64000 or,x=8000 so,real selling price 8000 tk

Solution

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