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      Question

      A trader marks his goods 40% higher than the cost price

      and gives a 20% discount on the marked price. Calculate his profit percentage.
      A 12% Correct Answer Incorrect Answer
      B 15% Correct Answer Incorrect Answer
      C 18% Correct Answer Incorrect Answer
      D 20% Correct Answer Incorrect Answer
      E 25% Correct Answer Incorrect Answer

      Solution

      Let the cost price be 100x Marked Price (MP) = 140x Selling Price (SP) after 20% discount = 80% of 140x = 112x Profit = SP - CP = 112x-100x = 12x

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