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If a seller wants to earn 12% profit on an item after offering 20% discount to the customer, by what percentage should he increase his marked price to arrive at the label price ?
- A20 %
- B40 %
- C60 %
- D80 %
Correct answer: B
Discussion 1
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CCommunity
40 %
= (12+20/100-20)x100 = 32/80 x 100 = 40%
= (12+20/100-20)x100 = 32/80 x 100 = 40%