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2 years, 9 months ago
The cost of production of a 50 kg bag of cement is ₹90 and it is sold for ₹120. The government imposes tax of 10% of the cost of production. If the government changes its policy and levies the 10% tax on the selling price instead of the cost price, by what percent does the profit decrease? ( Assume that the selling price is unchanged)
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