A shopkeeper reduces the price of his goods by 50% at the time of sale. Initially the price was fixed to get a profit of 25% on selling price after allowing 10% cash discount. Find out his approximate percentage of profit or loss.

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26% loss

A shopkeeper reduces the price of his goods by 50% at the time of sale. Initially the price was fixed to get a profit of 25% on selling price after allowing 10% cash discount. Find out his approximate percentage of profit or loss.

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