The marked price of a product is 40% more than the cost. The product then is sold at 20% off. Find the profit percentage or loss percentage of the product.
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Answer:
Marked price of a product is 40%
(40/100)=0.4
The product then sold at 20% off
let the cost price be x
X(0.4×20/100)=0.8
Step-by-step explanation:
profit percentage = 0.8×0.4/100=32
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