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A cycle shop prices each bicycle 50% above cost and then gives a 12% discount on that price. What is the shop's profit percent?

Competition practiceProfit, Loss & Discount
  • A32
  • B38
  • C30
  • D35

Step-by-Step Solution

Take cost = 100. Marked price = 150; selling price = . Profit = 32%.
Answer: A) 32

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