How to cut mp3 files using vlc player?

Open vlc media player right click on the black screen and select view on there select advanced controls 

Next open audio file whatever you want to cut  

Here for example above the audio i will like to cut from 01:00 to 02:00 means, play the song to 01:00 and click on same above the picture "Loop from point A"

Next click on recored button 

Next click play 

Play the song where you want to end click on "click to set point B"

Your's cut song are saved in your personal folder's my music in the name of starting with vlc-record