Find The Discount Between Marked Price And Cost Price

The marked price of an article is 10% higher than the cost price. A  discount of 10% is given on the marked price. In this kind of sale , the seller bears

  1. No loss, no gain
  2. A loss of 5%
  3. A gain of 1%
  4. A loss of 1%
Manish Listener Asked on 19th July 2015 in Maths.
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1 Answer(s)

Answer: (4) A loss of 1%
Explanation:-
Let be the cost price of an article = Rs.100
A seller marked above 10% to the cot price,
Then,  marked price = 100 + 100 x 10/100
= 100 + 10 = Rs.110
He gave 10% discount,
Then, the selling price of an article = 110 – 110 x 10/100
= 110 – 11 = Rs.99
Loss = 100 – 99  = Rs.1
Loss % = 1 x 100/100 = 1 %
Hence, the answer is (4) A loss of 1 %.

Anurag Mishra Professor Answered on 19th July 2015.
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