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Maths Profit and Loss Examples Tutorial 3

Test Your Skills

A)By selling an article at 80% of its marked price, a merchant makes a loss of 12%. What will be the percent profit made by the merchant if he sells the article at 95% of its marked price?

B) The profit obtained by selling an article for Rs.56 is the same as the loss obtained by selling it for Rs.42. What is the cost price of the article?