The price of a loaf of bread was increased by 20%. How many loaves can be purchased now by the amount of money used to buy 300 loaves at the earlier price?

Correct Answer: 250
Let, earlier cost price of 1 loaf is Tk.x Earlier cost price of 300 loaves is = 300x At 20% increase , x + x × 20% = 1.2x Now, 300x /1.2x = 250