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CAT Exam Model Paper 3 with solutions for free online practice

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Question : 81

Total: 100

In the Bargain Bazar everyone purchase with a fair bargaining, so traders markup the prices too much. A trader marked up an article at ? M expected huge profit, if it is sold on the marked price. But a customer purchased it at M/2 with his fine bargaining skills, so the expected profit of the trader diminished by 66.66%.What is the percentage discount fetched by the customer through bargaining?

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