The marked price of an article is 10% higher then the cost price. A discount of 10% is given on the market price. In this kind of sale, the 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 article = Rs. 100
$$\eqalign{ & {\text{Selling price of article - }} \cr & {\text{ = 100}} \times \frac{{110}}{{100}} \times \frac{{90}}{{100}} \cr & = {\text{Rs}}{\text{. 99}} \cr & {\text{Loss }}\% - \cr & = \frac{{100 - 99}}{{100}} \times 100 \cr & = 1\% \cr} $$