1. If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20%?
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By: anil on 05 May 2019 02.29 am
Let the retail price be M and cost price be C. Given, 0.85 M = 1.02 C M = 1.2 C If he wants 20% profit he has to sell at 1.2C, which is nothing but the retail price.
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