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If a merchant estimates his profits at 20% of the selling

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Manager
Manager
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Joined: 28 Jun 2004
Posts: 90
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If a merchant estimates his profits at 20% of the selling [#permalink] New post 23 Aug 2004, 16:35
This topic is locked. If you want to discuss this question please re-post it in the respective forum.

If a merchant estimates his profits at 20% of the selling price, what is his real profit percent?
Joined: 31 Dec 1969
Location: India
Concentration: Strategy, Operations
GMAT 1: 710 Q49 V0
GMAT 2: 740 Q40 V50
GMAT 3: 700 Q48 V38
GMAT 4: 710 Q45 V41
GPA: 4
WE: Sales (Investment Banking)
Followers: 0

Kudos [?]: 111 [0], given: 89833

 [#permalink] New post 23 Aug 2004, 17:07
let SP = 100
then, CP = 80

=> Actual profit = (20/80)*100 = 25%
Director
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Joined: 16 Jun 2004
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 [#permalink] New post 23 Aug 2004, 17:28
the guest was me....sorry i forget to login always..
  [#permalink] 23 Aug 2004, 17:28
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If a merchant estimates his profits at 20% of the selling

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