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A trader sold 20% of his stock at 10% profit and 50% of the remainder of his stock at 10% loss. What should be the rate of...
Solution
Let the market price of the stock = Rs.100Let the quantity of stock trader had = 10020% of the stock is sold at 10% profit.Profit = 20 × 10 = Rs.20050% of the remainder stock at 10% loss.Loss = (50% of 80) × 10 40 × 10 =...
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