The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price. Inthis… · ABC26GN2861
Subject: General Aptitude · Chapter: Profit and Loss
The marked price is 10\% higher than the cost price. A discount of $10 \%$ is given on the marked price. Inthis kind of sale, the seller [SSC-CHSL (10 + 2) Exam, 2015]
(a)gains 2\%
(b)bears no loss, no gain
(c)gains 1\%
(d)loses 1\%
Answer
Answer (as printed): D
Explanation
Let CP of the article be ₹100. ∴ Marked price = ₹110. Discount \% on marked price = 10\%. $$\text{S.P.} = \frac{110\times 90}{100} = ₹99, \text{ i.e., } 1\% \text{ loss}.$$
Explanation as extracted from the printed page; notation may be imperfect.