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A trader buys an article for Rs 800 and marks it up by 50%. He then gives a discount of 20% on the marked price. His profit per cent is
A10%
B20%
C30%
D25%
Answer & Solution
Correct answer: B. 20%
Marked price = 800 × 1.5 = 1200. SP = 1200 × 0.8 = 960. Profit = 960 - 800 = 160. Profit% = 160/800 × 100 = 20%.
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