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For an article the profit is 220% of the...

For an article the profit is 220% of the cost price. If the cost price increases by 25% but the selling price remains same, then new profit percentage is how much % less than original profit percentage (approx)?

A

`22%`

B

`26%`

C

`29%`

D

`31%`

Text Solution

Verified by Experts

The correct Answer is:
C
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