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

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

A Tk. 55

B Tk. 100

C Tk. 90

D Tk. 70

Solution

Correct Answer: Option A