Profit and loss

Quantitative Aptitude (HARCO)

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A retailer marked its goods at 50% above the cost price and thinking that he will still make 30% profit, offers a discount of 20% on the marked price. What is the actual profit on the sale?

18%

25%

20%

15%

Explanation:

50 + (-20) + (50)(-20)/100

= 20

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