A trader bought goods worth #16,000 and sold three-quarte...
A trader bought goods worth #16,000 and sold three-quarter of it for #20,000
The margin would be
1/2
1/5
2/5
2/3
Correct answer is B
Margin = Profit/Selling Price x 100
= 4,000/20,000 x 100
= 20%
= 20/100
= 1/5
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