Discuss Forum
1. By selling an article, Shila earned a profit equal to 1/4 th of the price she bought it for. If she sold it at Tk.375, what was the cost price?
- A. Tk.300
- B. Tk.300
- C. Tk.300
- D. Tk.300
Answer: Option A
Explanation:
Let the cost price be P.
Now, Cost price + Profit = Selling price
or, P + P/4 = 0.375
or, 5P/4 = 0.375
or, P = 0.375 x 4 / 5 = 0.300 TK
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