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      Question

      An item was originally purchased for approximately Rs.

      4199.97. The seller marked up the price by 12.5% before offering a discount of Rs. 525 on the marked price. What is the percentage of profit or loss incurred on the sale of the item?
      A 5% gain Correct Answer Incorrect Answer
      B 5% loss Correct Answer Incorrect Answer
      C No gain no loss Correct Answer Incorrect Answer
      D 8.33% loss Correct Answer Incorrect Answer

      Solution

      C.P. = approximately Rs. 4199.97 = Rs. 4200

      M.P. = 1.125 * 4200 = 4725

      After discount, S.P. = 4200

      Hence, there was no loss no profit incurred.

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