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An electronics shop in Nehru Place marks a phone 30% above cost and then gives 15% off the marked price. What profit percent does it make? (percent)

Competition practiceProfit, Loss & Discount
  • A10.5
  • B15
  • C12
  • D9.5

Step-by-Step Solution

Take cost = 100. Marked price = 130; selling price = . Profit = 10.5%.
Answer: A) 10.5

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