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The price of a land passing through three hands, rises on the whole by 65%. If the first and second sellers earned 20% and 25% profit, respectively. Find the profit earned by the third seller?

20%
55%
10%
25%

Correct Answer: 10%

Explanation:

Required profit = (100 + 65) x (100/120) x (100/125) - 100
= 110 - 100 = 10%

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