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An electronics dealer prices a ceiling fan 25% above its cost and then gives a 12% discount. What percent profit does he make?

Competition practiceProfit, Loss & Discount
  • A10
  • B13
  • C12
  • D8

Step-by-Step Solution

Take CP = 100. Marked price = 125. SP = . Profit = 10%. (Simply subtracting 25 − 12 = 13 is the usual mistake.)
Answer: A) 10

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