Find Out the Profit/Loss Percent of Dealer? If

A dealer marks his goods 10% above the cost price, but allows a discount of 10%. Find out his profit/loss percent.

  1. No loss & no profit
  2. Loss 1%
  3. Profit 1%
  4. None of the above
Monis Rasool Professor Asked on 13th June 2015 in Maths.
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1 Answer(s)

Answer: (2) 1% loss
Explanation:-

Let be the cost price is Rs.100
A dealer marks 10% above cost price.
Then, Selling price = 100 + 100 x 10/100 = 100 + 10 = Rs.110
and he allows 10% discount
Then, selling price = 110 – 110 x 10 /100
= 110 – 11 = Rs.99

Then, selling price = Rs.99
Loss = 100 – 99 = 1%

Hence, the answer is (2) 1% loss.

Anurag Mishra Professor Answered on 13th June 2015.
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