The marked price of an article is 10% higher than cost price. A discount of 10%

Question

The marked price of an article is 10% higher than cost price. A discount of 10% is given on marked price. In this kind of sale, the seller bears :

Options:

A . no loss, no gain

B . a gain of 1%

C . a loss of 1%

D . a loss of 5%

Answer: Option C
Answer: (c)Let the CP of article be 100.Marked price = Rs.110After 10% discount,SP = 90% of Rs.110 = Rs.99Loss = Rs.1 i.e. 1% of loss

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