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Q:

A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is: 

  • 1
    $$1{1\over5}$$
  • 2
    $$2{1\over5}$$
  • 3
    $$2{1\over2}$$
  • 4
    2
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Answer : 1. " $$1{1\over5}$$"

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