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?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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