Question: Kamrul bought a house, whose sale price was Tk. 8 lakh. He availed 20% discount as an early bird offer and then 10% discount due to cash payment. After that he spent 10% of the cost price in interior decoration and the lawn of the house. At what price should he sell the house to earn a profit of 25%?
Solution:
Here, original price = 8,00,000 Tk
After 20% early bird discount,
8,00,000 × (1 - 0.20) = 6,40,000 Tk
After 10% cash discount,
6,40,000 × (1 - 0.10) = 5,76,000 Tk
Renovation cost = 10% of 5,76,000
= (10/100) × 5,76,000
= 57,600 Tk
∴ Total CP = 5,76,000 + 57,600 = 6,33,600 Tk
Now,
Profit amount = 25% of 6,33,600
= (25/100) × 6,33,600
= 1,58,400 Tk
∴ Required SP = 6,33,600 + 1,58,400 = 7,92,000 Tk