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The cost of manufacture of a tape record...

The cost of manufacture of a tape recorder is 1,500. The manufacturer fixes the marked price 20% above the cost of manufacture and allows a dis count in such a way as to get a profit of 8%. The rate of discount is

A

0.12

B

0.08

C

0.2

D

0.1

Text Solution

Verified by Experts

The correct Answer is:
D
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