A shopkeeper reduces the price of his goods by 50% at the time of sale. Initially the price was fixed to get a profit of 25% on selling price after allowing 10% cash discount. Find out his approximate percentage of profit or loss.

A shopkeeper reduces the price of his goods by 50% at the time of sale

1.	A shopkeeper reduces the price of his goods by 50% at the time of sale. Initially the price was fixed to get a profit of 25% on selling price after allowing 10% cash discount. Find out his approximate percentage of profit or loss.
A.	26% loss
B.	28% profit
C.	30% loss
D.	26% profit
Answer» B. 28% profit

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