An item is sold for taka 65, 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% costs?
Created: 6 years ago |
Updated: 3 years ago
best des
At 30% profit,
130 tk the retail cost is 100 tk
1 tk the retail cost is 100/130 tk
65 tk the retail cost is ( 100×65)/130 = 50 Tk
At 10% out of cost profit
100 tk the sellling price is 110 tk
1 tk the selling price is 110/100 tk
50 tk the selling price is ( 110×50)/100 = 55 Tk.
Md Azizur Rahman
Founder of Satt
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