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     EduGorilla 
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    A company has a mark-up of 20 per cent on sales, and a loss given default of 80. At which of the following probabilities of default will the company be indifferent between accepting and rejecting a sale on credit grounds.

    Options :-

    1. 16.7%
    2. 23%
    3. 20%
    4. 25%
    5. None of these
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