A merchant marks an article 20% above cost price. He then sells it at a discount...

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A merchant marks an article 20% above cost price. He then sells it at a discount of 20%. The sale gives him : a) 8% loss b) 4% profit c) 4% loss d) 8% profit A merchant marks an article 20% above cost price. He then sells it at a discount of 20%. The sale gives him : a) 8% loss b) 4% profit c) 4% loss d) 8% profit

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