The marked price of an article is 10% higher than cost price. A discount of 10% is given on marked price. In this kind of seller bears = ?
A. No loss No gain
B. A loss of 5%
C. A gain of 1%
D. A loss of 1%
Answer: Option D
Solution(By Examveda Team)
Let cost price of the article is = Rs. 100Marked price is 10% high of cost price mean = Rs. 110
Discount always given on marked price
10% discount of marked price means
$$ = \frac{{10}}{{100}} \times 110 = {\text{ Rs}}{\text{. 11}}$$
∴ Selling price = Marked price - Discount
Selling price = 110 - 11 = Rs. 99
$$\eqalign{ & \therefore {\text{Loss}}\% \cr & = \frac{{{\text{Cost price}} - {\text{Selling price}}}}{{{\text{Cost price}}}} \cr & \Rightarrow {\text{Loss}}\% = \frac{{100 - 99}}{{100}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = \frac{1}{{100}} \times 100 \cr & \,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\,\, = 1\% \cr} $$
Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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