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A grocery retailer sells vegetable oil in his shop. Due to recent shortfall in the supply of vegetable oil..........

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A grocery retailer sells vegetable oil in his shop.
Due to recent shortfall in the supply of vegetable oil, he increases his selling price by 50% despite the cost price remains same for him due to fixed price contract.
He realizes that his profit have doubled.
Find the original profit percent.

posted Apr 26, 2022 by Sandeep Otari

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