How will be seller affected by the Transaction? If

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%
Monis Rasool Professor Asked on 21st November 2015 in Maths.
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  • 2 Answer(s)

    Answer : (1) loses 1%

    sujeetstar24 Newbie Answered on 21st November 2015.
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    Answer: (1) loses 1%

    Explanation:-
    Let the cost price of a piece = Rs. 100
    The market price is 10% higher than the cost price.
    Then, the market price of a piece = 100  + 100 x 10/100
    = 100 + 10
    = Rs. 110

    He gave discount 10% on the market price,
    Then, the selling price of a piece = 110 – 110 x 10/100
    = 110 – 11
    = 99
    Loss = 100 – 99
    = 1

    Then, the percentage of loss is 1%.

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

    Anurag Mishra Professor Answered on 22nd November 2015.
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