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%
$$\eqalign{ & {\text{Selling price}} \cr & = \frac{{110 \times 90}}{{100}} \cr & = Rs.99\,\,i.e.,1\% \,\,loss \cr} $$