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      Question

      A man bought an article at 30% less of the marked

      price and sold it at 12% more than the marked price. Find the profit earned by him.
      A 55% Correct Answer Incorrect Answer
      B 60% Correct Answer Incorrect Answer
      C 45% Correct Answer Incorrect Answer
      D 40% Correct Answer Incorrect Answer

      Solution

      Let the marked price be Rs. 100
      ∴ cost price = 100 - 30 = 70
      And, selling price = 100 + 12 = 112
      Profit = 112 - 70 = 42
      Profit % = 42/70 x 100 = 60%

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