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Q: When a producer allows 36% commission on the retail price of his product, he earns a profit of 8.8%. What would be his profit if the commission is reduced by 24%?
  • A. 36.6%
  • B. 49.6%
  • C. 59.6%
  • D. 45.6%
Correct Answer: Option B -
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Explanations:

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