# The Marked Price is 10% Higher Than the Cost Price :

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:

- loses 1%
- gains 2%
- bears not loss, no gain
- gains 1%

**Answer:(1) loses 1%**

**Explanation:-**

Let the cost price of an article be = Rs. 100

The marked price is 10% higher than the cost price.

Then, the marked price = 100 x 110/100

= Rs. 110

A discount of 10% is given on the marked price.

Then, the selling price of an article = 110 – 110 x 10/100

= 110 – 11

= Rs. 99

Percentage of loss = 100 – 99

= 1%

Hence, the answer is (1) loses 1%.