An item is sold for $65.00, giving the retailer a profit of 30% of the cost . What will be the new retail price if the retailer cuts his profit to 10% of costs ?
Created: 6 years ago |
Updated: 2 years ago
best des
when sp 130 then cp 100
when sp 1 then cp. 100/130
When Sp 65 then cp 100×65/130
So Cp = 50
Therefore the new retail price = 50 + 50×10% = $55
ans:$55
Md Azizur Rahman
Founder of Satt
Related Question
View More
Created: 6 years ago |
Updated: 6 days ago
Created: 6 years ago |
Updated: 1 month ago
Created: 6 years ago |
Updated: 6 hours ago
Promotion
Download Our Mobile Apps
