A chair originally cost Taka 50.00. The chair was offered for sale at 108% of its cost. After a week the price was discounted 10% and the chair was sold. The chair was sold for:

A chair originally cost Taka 50.00. The chair was offered for sale at 108% of its cost. After a week the price was discounted 10% and the chair was sold. The chair was sold for: Correct Answer Taka 48.60

Offered price = 108% of 50 = 108/100×50 = 54 TK Discounted price = 54 - 10% of 54 = 54 - 5.4 = 48.6 TK
Bissoy MCQ

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The exchange rate is the ruling official rate of exchange of Taka for other currencies. It determines the value of Bangladeshi goods in relation to foreign foods. If the Taka is devalued in terms other currencies Bangladeshi exports (which are paid for in Taka ) become cheaper to foreigners and Bangladeshi imports become more expensive to holders of Taka. What conclusion can be drawn form the information above?