Before the budget, a businessman had increased the price of his product by 12%. In the budget, a 10% sales tax (to be paid by the seller) was imposed on that product. As a result, the profit ultimately increased by Tk 64. What was the original selling price?
Created: 6 years ago |
Updated: 3 years ago
best des
Let, Original selling price be x
After increaseing 12% then the price x + 12 of x = 1.12x
Now, vat to be paid 10% of 1.12x = 0.112x
Need profit = 0.12x - 0.112x = 0.008x
According to question,
0.008x = 64
x = 8000 Tk.
Md Azizur Rahman
Founder of Satt
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