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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