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Profit, Loss, Margin, and Markup Rate
Grade Level
GMAT
Q.081 Profit, Loss, Margin, and Markup Rate
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Skill Level
🔴 Hard
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A product sells for $240, but the seller gives the customer $20 cashback. If the product cost is $160, what is the profit margin on net revenue?
A
30%
B
27 3/11%
C
36 4/11%
D
33 1/3%
E
25%
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