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Q · Profit and lossMedium · 45s
When a bicycle manufacturer reduced its selling price by 50%, the number of bicycles sold radically increased by 600%. Initially the manufacturer was getting only 140% profit. What is the percentage increase of his profit?
TopicProfit and loss
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.25
Test Duration30 min
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Final Answer: Option D - can’t be determined