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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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