This papar examined the cost and revenue as well as impact of mutant rice on fourteen region of Bangladesh namely Mymensingh, Jashore, Cumilla, Bogura, Rajshahi, Sylhet, Dinajpur, Rangpur, Dhaka, Khulna, Chattagram, Rangamati, Barishal and Faridpur. A total of 560 farmers were randomly selected to fulfill the objectives where 280 farmers were mutant growers and 280 were non- mutant growers. A pre-designed interview schedule was used to collect the necessary data. Descriptive statistics, profit function and livelihood assets were used to analyzed the collected data. The study revealed that total variable cost of rice cultivation was BDT.40589 and BDT.43927 per hectare for mutant and non mutant, respectively which was around 71 percent of total cost of production. On an average, the total cost of production was BDT.59584 per hectare, where 29 percent was fixed costs and 71 percent was variable cost. For Binadhan-7 cultivation per hectare average net return was found highest in Dinajpur region i.e. BDT.70919 and the lowest in Jashore region i.e. BDT.33703. BCR on total cost basis was found 1.90 which was the highest in Sylhet 2.56 and the lowest 1.51 in Jashore region for Binadhan-7 production. In case of non-growers BCR on total cost basis was found 1.43 which was lower than Binadhan-7 production in the study areas indicating Binadhan-7 growers earn much than the non growers. The asset pentagon approach showed that there is a noteworthy increases in capitals of sampled farm households and the highest for financial capital that was 20.05 percent and the lowest was for natural capital i. e., 5.38 percent. Among the list of preferences, the highest was 88.93 percent for short duration and it was ranked I, the lowest was high yielding i.e. 81.43 percent which was ranked as V. Among the constraints, the highest constraint reported by the farmer was labour crisis as well as high price of labour i.e. 80.71 percent and it was ranked I and the lowest ranked V was lack of quality seed at proper time i.e. 48.93 percent in Binadhan-7 cultivation. Finally it is remarked that short duration high yielding variety Binadhan-7 plays a vital role in the monga mitigation of the northern areas of Bangladesh.