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Goods are marked 50% above cost and then sold after two successive discounts of 10% and 20%. What is the profit percent?

Competition practiceProfit, Loss & Discount
  • A8
  • B20
  • C12
  • D5

Step-by-Step Solution

Take CP = 100. Marked price = 150. After 10% off: 135; after 20% off: 108. Profit = 8%.
Answer: A) 8

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