A department store receives a shipment of 1000 shirts, for which it pays Tk. 9000. The store sells the shirts at a price 80% above cost for one month, after which it reduces the price of the shirts to 20% above cost. The store sells 75% of the shirts during the first month and 50% of the remaining shirts afterward. How much gross income did sales of the shirts generate?

1. A department store receives a shipment of 1000 shirts, for which it pays Tk. 9000. The store sells the shirts at a price 80% above cost for one month, after which it reduces the price of the shirts to 20% above cost. The store sells 75% of the shirts during the first month and 50% of the remaining shirts afterward. How much gross income did sales of the shirts generate?

[IFIC Bank MTO-2013 : 2013]

1. Tk. 10800

2. Tk. 12150

3. Tk. 13500

4. Tk. 14800

5. None of these

Answer

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