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The marked price of an item is set at 49% above its cost price. If the merchant sells the item at 16% below the marked price, his profit percentage (rounded off to 1 decimal place) is:
25.2%
28.8%
26.3%
29.1%
25.2%
Practice and solve "The marked price of an item is set at 49% above its cost price. If the merchant sells the item at 16..." for Mathematics - Previous Year Paper 2024. The correct answer is Option A: 25.2%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "The marked price of an item is set at 49% above its cost price. If the merchant sells the item at 16..." for Mathematics - Previous Year Paper 2024. The correct answer is Option A: 25.2%. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.