The marked price of an article is 10% higher than the cost price.
The marked price of an article is 10% higher than the cost price. A discount of 10% is given on the marked price. In this kind of sale, the seller:
Answer/Solution
loses 1%
Steps/Work
Let C.P.=Rs. 100. Then, marked price=Rs. 110.
S.P=90% of Rs. 110=Rs. 99. So, loss=1%
ANSWER:C
S.P=90% of Rs. 110=Rs. 99. So, loss=1%
ANSWER:C