What will the Percentage of Gain or Loss? If

A trader fixes selling price of commodities after increasing them by 10% and offers 10% discount on selling prices. The percentage gain or loss is

  1. 1% gain
  2. 0.9% gain
  3. 1.1% loss
  4. 1% loss
Monis Rasool Professor Asked on 10th June 2015 in Maths.
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  • 1 Answer(s)

    Answer: (4) 1% loss
    Explanation:-

    Let be the selling price is Rs.100
    Increased by 10%  = 100 + 100 x 10/100 = 100 + 10
    = 110
    He discount 10%
    Then, selling price = 110 –  110 x 10 /100
    = 110 – 11 = 99
    Thus, 1% loss.

    Hence, the answer is (4) 1% loss.

    Anurag Mishra Professor Answered on 11th June 2015.
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