I WILL MARK YOU AS BRAINLIEST IF RIGHT What is the magnitude of the net force acting on this object?

The net force on an object is the total force applied on the object after adding  up all the forces

In the given diagram,

we can see that the 2 forces of 4N and 4N will cancel each other out since they are equal and in the opposite direction

Now, we are left with a force of 2N and 10N,

the net force will be the difference of these forces:

Net force = 10N - 2N

Net force = 8N downwards

Another way to do it:

The two 4N forces will be cancelled out,

and we are left with a 2N and a 10N force

(notice how we cancelled equal and opposite forces for the 4N)

We can divide the 10N force into (2N + 8N)

Since the 2N forces are equal and opposite, they will be cancelled out

and we will be left with a net force of 8N downwards

this would be about 43%