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    Question

    A vendor sets the price of an item 60% more than its

    cost and sells it after giving a 35% discount. What is the profit or loss percentage?
    A 13% Correct Answer Incorrect Answer
    B 4% Correct Answer Incorrect Answer
    C 12% Correct Answer Incorrect Answer
    D 10% Correct Answer Incorrect Answer

    Solution

    ATQ,

    Let the cost price of the item be Rs. '100m'

    Marked price = 1.60 × 100m = Rs. '160m'

    Selling price = 0.65 × 160m = Rs. '104m'

    Therefore, percentage of profit = [(104m - 100m) ÷ 100m] × 100 = 4%

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