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A trader marks the price at 8 percent higher than the original price. Due to the hike in demand he again increases the price by 10 percent. How much percent profit he gets.
17.8%
18.8%
19.8%
20.8%
Suppose initial price = 100 Then final price = 100*(108/100)*(110/100) = 118.8 So percent profit = 18.8
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