The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price. In this kind of sale, the seller = ?
A. Gain 2%
B. Bears no loss, no gain
C. Gain 1%
D. Loses 1%
Answer: Option D
Solution (By Examveda Team)
Let the cost price of article be Rs. 100∴ Marked price = Rs. 110
Discount % on marked price = 10%
$$\eqalign{ & {\text{Selling price}} \cr & = \frac{{110 \times 90}}{{100}} \cr & = Rs.99\,\,i.e.,1\% \,\,loss \cr} $$
This Question Belongs to Arithmetic Ability >> Profit And Loss
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