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A merchant fixes the sale price of his g...

A merchant fixes the sale price of his goods at 15% above the cost price. He sells his goods at 12% less than the fixed price. His percentage of profit is :

A

`2 1/2`

B

`1(1)/(5)`

C

`1(1)/(2)`

D

2

Text Solution

Verified by Experts

The correct Answer is:
B
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