A tradesman marks his goods 10% above his cost price. If he allows his customers

Question

A tradesman marks his goods 10% above his cost price. If he allows his customers 10% discount on the marked price. How much profit or loss does he make, if any ?

Options:

A . 1% gain

B . 1% loss

C . 5% gain

D . No gain no loss

Answer: Option B

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