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Question

A retailer cheats his wholesaler and customer both. He purchases $$19\%$$ more from the wholesaler and sells $$15\%$$ less while selling to its customer. What is profit percentage by selling the goods at cost price?


Solution

Total profit percentage $$=\left (119 \times \dfrac{100}{85}\right) - 100 = \dfrac{3400}{85} = 40\% $$

Mathematics

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