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A shopkeepers made a profit of 16% on hi...

A shopkeepers made a profit of 16% on his goods.If the price at which he buys decreases by 20% while he reduces his selling price by 23%, what is now his percentage of profit? (correct to one decimal place)

A

11.6

B

15.4

C

12.9

D

14.6

Text Solution

Verified by Experts

The correct Answer is:
A
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