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The marked price of an article is 10% higher than the cost price. A discount of 10% is given at the marked price. In this kind of sale, the seller
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- bears no gain , no loss
- gains
- loses 1%
- None of these
Correct Option: C
Let the C.P. of article be Rs. 100.
∴ Its marked price = Rs. 110
S.P. after a discount of 10%
| = Rs. |  |  | = Rs. 99 | |
| 100 |
∴ Loss = Rs. (100 – 99)
= Re. 1 i.e., 1%
