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Naveen marks 750 articles at a cost of 60 paise/ article. He fixed the selling price such that if only 600 articles are sold, he would have made profit of 40% on the outlay. However 120 articles got spoilt and he was able to sell 630 articles at this price. find his actual profit % as the percentage of total outlay assuming that the unsold articles are useless.

A

0.27

B

0.29

C

0.47

D

0.49

Text Solution

Verified by Experts

The correct Answer is:
C
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