A manufacturer sets its selling price 70% higher than the production cost. If the production cost increases by 10% and the manufacturer increases its selling price by 10%, what will be the new profit percent?
Subject: Mathematics | Topic: Arithmetic | Difficulty: MEDIUM
Options
- (A) 70%
- (B) 72%
- (C) 73%
- (D) 71%
Verified Answer
Option (A): 70%
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