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A man buys an article for Rs. 80 and marks it as Rs. 120. He, then allows a discount of 40%. What is the loss or gain per cent?

Correct Answer: 10%, loss

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Math MCQ: A man buys an article for Rs. 80 and marks it as Rs. 120. He, then allows a discount of 40%. What is the loss or gain per cent? | Extra Education