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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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