A book sells for Tk 65. This price gives the seller a profit 30% on his cost. What will be the new selling price, if he cuts his profit to 10% of the cost?

1. A book sells for Tk 65. This price gives the seller a profit 30% on his cost. What will be the new selling price, if he cuts his profit to 10% of the cost?

[NCC Bank MTO-2011 : 2011]

Answer

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