By selling an article for BDT 240, a man incurs a loss of 20%. At what price (in BDT) should he sell it, so that he makes a profit of 16%.
Let,
the cost price be = 100Tk.
Incurring 20% loss, selling price be = (100 - 20) = 80Tk
So, the original cost price of the article is
At 16% profit, if the cost price be 100 Tk,
the selling price is = (100 + 16) = 116Tk
To make a profit of 16%, he should sell
the article at = 384 Tk. (Ans)
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