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Numerical Ability
Profit and Loss
A merchant who marked his goods up by 50% subsequently offered a discount of 20%. What is the percentage profit that the merchant make after offering the discount?
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- let x=100
initially he marked his goods up by 50%=(150/100)*100=150
20% discount=150-((20/100)*150)=30rs. discount
remaining 120..,hence profit 20%
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