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1. A retail buyer purchase 15 white dress shirts for Tk. 1000 and 5 striped dress shirts Tk. 400. At what average price the retailer should sell a dress shirt if he wants to make a proftit of Tk. 50 each shirt?
- A. 110
- B. 110
- C. 110
- D. 110
Answer: Option E
Explanation:
Total cost = 1000 + 400 = Tk.1400
Total shirts = 15 + 5 = 20
Total profit = 20 × 50 = Tk. 1000
Total selling price = 1400 + 1000 = Tk. 2400
Price = 2400/20 = Tk.120
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