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A
B
C
D
E
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Items are sold by a retailer for a price of \(\$30\) each, which represents a \(20\) percent markup over the cost paid by the retailer for each item. Of \(50\) items ordered, \(30\) are sold, and \(10\) are returned to the manufacturer for a refund of \(40\) percent of the dealer's initial cost. If the remaining inventory is sold, what is the retailer's approximate profit or loss as a percent of the retailer's initial cost for the \(50\) items?
A. \(8\%\) loss
B. \(4\%\) loss
C. \(8\%\) profit
D. \(4\%\) profit
E. \(12\%\) profit
The OA is D
A. \(8\%\) loss
B. \(4\%\) loss
C. \(8\%\) profit
D. \(4\%\) profit
E. \(12\%\) profit
The OA is D
