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A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is:
5Q:
A merchant fixes the sale price of his goods at 15 % above the cost price. He sells his goods at 12 % less than the fixed price. His percentage of profit is:
- 1$$1{1\over5}$$true
- 2$$2{1\over5}$$false
- 3$$2{1\over2}$$false
- 42false
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