A book sells for TK. 65. This price gives the seller a profit 30% on his cost. What will bi the new selling price if he cuts his profit to 10% of the costs ? ?
A book sells for TK. 65. This price gives the seller a profit 30% on his cost. What will bi the new selling price if he cuts his profit to 10% of the costs ? ? Correct Answer 55
Given that, In 30% profit, Sell price = Tk 65 So, 130% = 65 = > 1% = 65÷130 = > 100% = (65×100)÷130 = 50 So, cost price = 50 New, profit percentage is 10% In 10% profit, sell price is 50×110% = 55 Ans: 55