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1. A trader makes a loss of 10% by selling a chair at a discount of 28% on the listed price.What will be his loss/profit if he sells the chair at 90% of its listed price?
- A. 10%
- B. 10%
- C. 10%
- D. 10%
Answer: Option B
Explanation:
Let list price is 100
Selling price (SP) at discount = 100-28 = Rs 72
Therefore Cost price = 72/90 x 100 = 80
When chair is sold for Tk. 90
profit = 90/80 x 100 - 1= 12.5%
Selling price (SP) at discount = 100-28 = Rs 72
Therefore Cost price = 72/90 x 100 = 80
When chair is sold for Tk. 90
profit = 90/80 x 100 - 1= 12.5%
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