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The marked price is 10 higher than the cost price A...

This question belongs to Arithmetic Ability Profit And Loss
Profit and Loss
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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 = ?

Answer & Solution
Correct Answer: Option D
Let the cost price of article be Rs. 100
∴ Marked price = Rs. 110
Discount % on marked price = 10%
$$\eqalign{ & {\text{Selling price}} \cr & = \frac{{110 \times 90}}{{100}} \cr & = Rs.99\,\,i.e.,1\% \,\,loss \cr} $$
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