A merchant earns a profit of 20% by selling a basket containing 80 app – McqOptions

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1.	A merchant earns a profit of 20% by selling a basket containing 80 apples which cost is 240 but he gives one-fourth of it to his friend at cost price and sells the remaining apples. In order to earn the same profit, at what price must he sell each apple?
A.	3
B.	4.8
C.	3.6
D.	3.8
Answer» E.

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