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A cloth merchant prices his sarees 35% above cost and then gives a 12% discount on the marked price. What is his profit percent (in %)?

Competition practiceProfit, Loss & Discount
  • A18.8
  • B23
  • C20
  • D17.5

Step-by-Step Solution

Take CP = 100. Marked price = 135; selling price = . Profit = 18.8%.
Answer: A) 18.8

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