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A retailer cheats his wholesaler and customer both. He purchases 19% more from the wholesaler and sells 15% less while selling to its customer. What is profit percentage by selling the goods at cost price?

35%
40%
42%
46%

Correct Answer: 40%

Explanation:

Tota profit percentage = (119 x 100/85) - 100 = 3400/85 = 40%

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