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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