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A garment shop marks sweaters 25% above cost and gives a 4% discount at the counter. What is its profit percent?

Competition practiceProfit, Loss & Discount
  • A20
  • B21
  • C24
  • D16

Step-by-Step Solution

Take cost = 100. Marked price = 125; selling price = . Profit = 20%.
Answer: A) 20

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