If a merchant estimates his profit as 20% of the selling price, what is his real profit percent.

If a merchant estimates his profit as 20% of the selling price, what i

1.	If a merchant estimates his profit as 20% of the selling price, what is his real profit percent.
A.	\[25%\]
B.	\[20%\]
C.	\[22%\]
D.	\[30%\]
Answer» B. \[20%\]

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If a merchant estimates his profit as 20% of the selling price, what is his real profit percent.

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