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Preethi owns lenova mobile in a showroom. she labelled the price of mobile to earn a profit of 20% on the cost price. she sold the mobile by offering a discount of 10% on the labelled price. What is the actual percent profit earned?
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Let the CP of mobile= Rs 100

Then the labeled price= Rs.120

SP= Rs. 120-10%of 120 = RS120-12= Rs 108

Gain= Rs 108- Rs 100 = Rs 8

Gain%= 8/100*100=8%
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