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      Question

      A trader bought an article for Rs. 1200 and marked it

      25% above of its cost price. If he sold it after giving a discount of Rs. 60 then find the profit percent earned by him.
      A 23% Correct Answer Incorrect Answer
      B 15% Correct Answer Incorrect Answer
      C 10% Correct Answer Incorrect Answer
      D 20% Correct Answer Incorrect Answer

      Solution

      Marked price of the article = 1200 ├Ч 1.25 = Rs. 1500 Selling price = 1500 тАУ 60 = Rs. 1440 Profit percentage = [(1440 тАУ 1200)/1200] ├Ч 100 = 20%

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