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The speculator sells goods at a profit of 40% but his customers f...

Armed Forces Police Intelligence Exams Quizzes MCQ Quizzes Armed Forces Intelligence Computerized Initial Test 16

Question:
The speculator sells goods at a profit of 40% but his customers fail and only 75% of the amount due How much percent does the speculator gain or lose by his venture?

Option A):
no lose no gain
Option B):
2% lose
Option C):
5% gain
Option D):
5% lose

Correct Answer is Option C):
5% gain

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