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Question
Publisher sells books to a retailer at a marked price which is 20% above his outlay. If on cash payment, he allows a discount of 10% goes the marked price. The publisher thus gains
Options
12%.
10%.
8%.
14%.
MCQ
Solution
8%.
Explanation:
Let CP of Book = 100
MP = 120
SP after Discount`=90/100xx120=108`
Profit % = 8%
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Profit and Loss (Entrance Exam)
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