Anand marks up the price of an article by 50% and then allows a discount of 20%

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Anand marks up the price of an article by 50% and then allows a discount of 20% and sells it to Balaji who sells it for Rs. 20, more than what he purchased for, this selling price is 30% more then the original cost price of the article. Then Balaji's profit % is = ?

Options:

A . 7.5%

B . 6.66%

C . 8.33%

D . 9%

Answer: Option C

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