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A retail buyer purchases 15 white dress shirts for Tk 1000 and 5 striped dress shirts for Tk 400. At what average price (in Tk) the retailer should sell a dress shirt if he wants to make a profit of Tk 50 each shirt?

A retail buyer purchases 15 white dress shirts for Tk 1000 and 5 striped dress shirts for Tk 400. At what average price (in Tk) the retailer should sell a dress shirt if he wants to make a profit of Tk 50 each shirt? Correct Answer 110

Total cost = 1000 + 400 = Tk.1400 Total shirts = 15 + 5 = 20 Total profit = 20 × 50 = Tk. 1000 Total selling price = 1400 + 1000 = Tk. 2400 Price = 2400/20 = Tk.120

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