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The government considers the cost of living and type of employment while fixing minimum wages. The employer’s financial condition is not a deciding factor.
A shopkeeper buys toffees at the rate of 14 for 1 rupee. At what rate (how many toffees per rupee) should he sell them to earn a 40% profit?
A dishonest fruit seller sells fruits at 8 % loss. If he uses 860gm weight in place of 1kg weight, then what is his profit percent?
A person sold his goods after announcing two successive discounts of 32% each. The effective discount altogether is