An article sells for Rs.65 the price gives the retailer a profit of 30% on his cost. What will be the new retail price if he cuts his profit to 10% of the cost

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CollectorBabu · Accepted Answer

Correct Answer: Rs. 55. Given, Selling price = Rs.65 profit = 30% retail price = Selling price Rs.50 On selling 10% profit, then selling prize of that article:- = Rs.55

An article sells for Rs.65 the price gives the retailer a profit of 30% on his cost. What will be the new retail price if he cuts his profit to 10% of the cost

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