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A miner sells a diamond to a trader at a...

A miner sells a diamond to a trader at a profit of 40% and the trader sells it to a customer at a profit of 25%. If the customer pays Rs 56 lakhs to buy the diamond, what had it cost the miner (in Rs lakhs)?

A

30

B

28

C

25

D

32

Text Solution

Verified by Experts

The correct Answer is:
D
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