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

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Joined: 28 Jun 2004
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If a merchant estimates his profits at 20% of the selling [#permalink] New post 23 Aug 2004, 16:35
If a merchant estimates his profits at 20% of the selling price, what is his real profit percent?
Joined: 31 Dec 1969
Location: United States
Concentration: Marketing, Other
GMAT 1: 710 Q49 V38
GMAT 2: 660 Q V
GPA: 3.64
WE: Accounting (Accounting)
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 [#permalink] New post 23 Aug 2004, 17:07
let SP = 100
then, CP = 80

=> Actual profit = (20/80)*100 = 25%
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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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