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A merchant bought an item at a cost of c dollars and marked up its price by 40%. However the item did not sell and the merchant wasforced to discount the price of the item by 20%. What was the percentage profit earned by the merchant by selling the item at thediscounted price?a)8%b)12%c)20%d)28%e)32%Correct answer is option 'B'. Can you explain this answer? for GMAT 2024 is part of GMAT preparation. The Question and answers have been prepared according to the GMAT exam syllabus. Information about A merchant bought an item at a cost of c dollars and marked up its price by 40%. However the item did not sell and the merchant wasforced to discount the price of the item by 20%. What was the percentage profit earned by the merchant by selling the item at thediscounted price?a)8%b)12%c)20%d)28%e)32%Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for GMAT 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A merchant bought an item at a cost of c dollars and marked up its price by 40%. However the item did not sell and the merchant wasforced to discount the price of the item by 20%. What was the percentage profit earned by the merchant by selling the item at thediscounted price?a)8%b)12%c)20%d)28%e)32%Correct answer is option 'B'. Can you explain this answer?.

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