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A man buys an article for Rs. 80 and mar...

A man buys an article for Rs. 80 and marks it at Rs. 120. He then allows a discount of 40%. What is the loss or gain per cent ?

A

12% gain

B

12% loss

C

10% gain

D

10% loss

Text Solution

Verified by Experts

The correct Answer is:
D
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