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:

  1. loses 1%
  2. gains 2%
  3. bears not loss, no gain
  4. gains 1%
Anurag Mishra Professor Asked on 17th November 2015 in Maths.
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  • 1 Answer(s)

    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%. 

    Anurag Mishra Professor Answered on 18th November 2015.
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