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An uneducated retailer marks all his goods at 50% abovethe cost price and thinking that he will still make 25%profit, offers a discount of 25% on the marked price.What is his actual profit on the sales? |
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Answer» Let C.P. = Rs. 100. Then, marked price = Rs. 150.S.P. = 75% of Rs. 150 = Rs. 112.50.=> Gain% = 12.50%. |
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