A company makes a profit of 6% on its first Tk. 10,000 of sales each day, and 5% on all sales in excess of Tk. 10,000 for that day. How many taka in profit will the company make in a day when sales are Tk. 60,000?
Solution
Correct Answer: Option C
Profit on first 10,000Tk. = 6*10000/100 = 600 Tk.
Profit on the rest of 60,000 Tk. that is,
Profit on 50,000 Tk. = 5*50000/100 = 2500 Tk.
Total Profit = ( 2500 + 600 ) Tk. = 3100 Tk.
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