A lamp is manufactured to sell for $35.00, which yields a profit of 25% of cost. If the profit is to be reduced to 15% of cost, what will be the new…
A lamp is manufactured to sell for $35.00, which yields a profit of 25% of cost. If the profit is to be reduced to 15% of cost, what will be the new retail price of the lamp?
From the Sonali & Janata Bank Assistant Database Administrator September 2021 – Preliminary (AUST) exam, question 62 of 93.
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