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    Question

    A trader increases the cost price of an article by 20%

    and then gives a discount of 10%. What is his overall profit or loss percentage?
    A 8% profit Correct Answer Incorrect Answer
    B 14% loss Correct Answer Incorrect Answer
    C 10% loss Correct Answer Incorrect Answer
    D 17% profit Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let CP = 100. Marked Price = 120. Selling Price = 120 × 0.9 = 108. Profit = 8%.

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