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1.
Fedora Technologies acquired 60 hard-drives and tried selling them at BDT 2400 apiece at 20 percent markup on cost price. After 3 months, 6 remained unsold and were returned to manufacturer at 50 percent refund of cost. Find out Fedora's approximate profit margin as a percentage of initial acquisition cost of the 60 hard-drives.
- A. 5%
- B. 5%
- C. 5%
- D. 5%
Answer: Option E
Explanation:
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