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Profit and Loss Practice Test 8

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Question : 5

Total: 40

The purchase tax on an article is levied at the rate of 66

% of its wholesale price, while the retailer’s profit amounts to 20% of the retail price of the article. What is the wholesale price of an article which is retailed at Rs. 12.50?

Rs. 4
Rs. 6
Rs. 8
Rs. 2

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