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A trader marks his goods 40% above cost price and allows a discount of 25 %. The profit he makes, is :
Options:
A .  10 %
B .  2 %
C .  5 %
D .  15%
Answer: Option C
Answer: (c)Let the cost price be Rs.100.Marked price = Rs.140S.P. = ${75 × 140}/100$ = Rs.105Profit per cent = 5%Using Rule 8,Here, r = 40%, $r_1$ = 25%Profit % = ${r × (100 - r_1)}/100 - r_1$= ${40 × (100 - 25)}/100 - 25$= ${40 × 75}/100 - 25$= $3000/100$ - 25= 30 - 25 = 5%

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