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% of costs?

A 55

B 400

C 50

D 140

Correct Answer: Option A

at 30% profit, selling price 130 tk when cost 100 tk selling price 1 tk when cost 100/130 tk