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    Question

     If a business spent Rs.400 on producing a product and

    sold it for Rs.600, what is the profit margin as a percentage?
    A 33% Correct Answer Incorrect Answer
    B 40% Correct Answer Incorrect Answer
    C 50% Correct Answer Incorrect Answer
    D 60% Correct Answer Incorrect Answer

    Solution

    Explanation: Profit margin is calculated as (Profit / Cost Price) * 100. Here, profit is Rs.200, so the profit margin is 50%.

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