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Q: The initial profit percentage on the sale of an item was 74%. If the cost price of the item went up by 50%, but the selling price remained the same, what would be the new profit percentage?
  • A. 8%
  • B. 16%
  • C. 13%
  • D. 24%
Correct Answer: Option B - .
B. .
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Explanations:

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