The profit earned from selling an item for Tk. 900 is double the loss incurred when the item is sold for Tk. At what price the item should be sold to make 25% profit?

The profit earned from selling an item for Tk. 900 is double the loss incurred when the item is sold for Tk. At what price the item should be sold to make 25% profit?

A Tk. 600

B Tk. 750

C Tk. 800

D None of these

Solution

Correct Answer: Option B

Let C.P be Rs. x

900 - x = 2(x - 450)

=> x = Tk.600

C.P = 600 gain required is 25%

S.P = [(100+25)*600]/100

= Tk.750