A dishonest merchant makes a 10% profit at the time of buying and a 5% loss at the time of selling the goods he/she trades. By doing so if the said merchant made a profit of $900 on a particular item, what was the real cost of the item sold?
10% profit book value # 110,,, then 5% loss on book value than selling price # 105.5. so profit # 4.5%. when 4.5% profit than cost 100,so when profit 900 than cost #(900*100)/4.5# 2000 tk? Can't be sure
Thanks in advance. Please Help me in solving this.