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Discussion :: Profit and Loss

  1. By selling 12 pencils for a rupee a man loses 20%. How many for a rupee should he sell in order to gain 20%?
    2. A.
    8
    B.
    9
    C.
    12
    D.
    16

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    Answer : Option A

    Explanation :

    80% --- 12

    120% --- ?

    80/120 * 12 = 8

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