In order to maintain the price line, a trader allows a
discount of 10% on the marked price of goods in his
shop. However, he still makes a gross profit of 17%
on the cost price. Find the profit he would have made
on the selling price had he sold at the marked price
(a) 23.07%
(b)30%
(c) 21.21%
(d) 25%
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Answer:
B
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