# 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.

- No loss & no profit
- Loss 1%
- Profit 1%
- None of the above

**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.