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    Question

    An item is purchased for Rs. 300 and its price is marked

    up by (50/3)% above the cost. After offering a 20% discount on the marked price, the item is sold. Calculate the overall profit or loss from this sale.
    A Rs. 10 loss Correct Answer Incorrect Answer
    B Rs. 30 loss Correct Answer Incorrect Answer
    C Rs. 15 profit Correct Answer Incorrect Answer
    D Rs. 20 loss Correct Answer Incorrect Answer

    Solution

    Marked price of the article = 300 + 300 X (50/300) = Rs. 350 So, selling price of article = 350 X 0.8 = Rs. 280 So, overall loss = 280 - 300 = Rs. 20 Hence, option d.

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