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Q: On selling an article for `246.80, the gain is 20% more than the amount of loss incurred on selling it for `216. If the article is sold for `220.75, then what is the gain/loss percent (correct to nearest integer)?
  • A. Profit 7%
  • B. Loss 5%
  • C. Loss 4%
  • D. Profit 3%
Correct Answer: Option C -
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Explanations:

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