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1. At a certain store, a chair was on sale for Tk.5000. As the manager thought he could get money for the chair, he increaed its price by 8 percent. After a week the chair had not been sold. The manager then reduced the last price by 10% and the chair was sold. For how much was the chair sold?
- A. 4860
- B. 4860
- C. 4860
- D. 4860
Answer: Option A
Explanation:
After 8% increase new price = tk. 5000×108/100 = Tk.5400
Again after 10% reduction on last price, new price = Tk.5400 × 90/100 = Tk.4860
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