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The marked price of an article is 10 % higher than the cost price. A discount of 10 % is given on the marked price. In this kind of sale, the seller bears.
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- no loss, no gain
- a loss of 5%
- a gain of 1%
- a loss of 1%
Correct Option: D
Let C.P. of article = ₹ 100
Marked price = ₹ 110
S.P. = | = ₹ 99 | |
100 |
Loss = 100 – 99 = ₹ 1 = 1%
2nd method to solve this question.
Here, r = 10%, r1 = 10%
Gain or Loss %= | − r1 | |
100 |
Gain or Loss % = | − 10 | |
100 |
Gain or Loss % = 9 – 10 = –1 (–ve sign shows loss)
⇒ Loss = 1%