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CAT 2017 Profit & Loss — Previous Year Question

Paper

CAT 2017

Section

Quantitative

Topic

Profit & Loss

Difficulty

Medium

Question

CAT 2017

Slot-1

If a seller gives a discount of 15% on retail price, she still makes a profit of 2%. Which of the following ensures that she makes a profit of 20% ?

Give a discount of 5% on retail price

Give a discount of 2% on retail price

Increase the retail price by 2%

Sell at retail price

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