MBA
Exam
Whenever Rakesh, a shop owner, sees Rajesh coming to his shop, he increases the price of each item by 34.44% because Rajesh has a habit of bargaining to take 10% extra quantity and pay only 90% of amount quoted for marked price. How much profit does Rakesh earn in doing this?(solution please)
1) 8%
2) 9%
3) 10%
4) 11%
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