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    Question

    A trader marks a product at Rs 1,600. He gives a 10%

    discount and sells it. If the cost price is Rs 1,200, what is his profit percentage?
    A 20% Correct Answer Incorrect Answer
    B 45% Correct Answer Incorrect Answer
    C 18% Correct Answer Incorrect Answer
    D 28% Correct Answer Incorrect Answer

    Solution

    Selling price after 10% discount: = 1,600 − 0.10 × 1,600 = 1,600 − 160 = 1,440 Profit = 1,440 − 1,200 = 240 Profit% = (240 / 1,200) × 100 = 20%

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