Question 124

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

Solution

Let cost price = Rs. 100

Markup % = 10%

=> Marked price = $$100+(\frac{10}{100}\times100)$$

= $$100+10=Rs.$$ $$110$$

After discount of 10%, Selling price = $$110-(\frac{10}{100}\times110)$$

= $$110-11=Rs.$$ $$99$$

$$\because$$ C.P. > S.P., => Loss % = $$\frac{(100-99)}{100}\times100=1\%$$

=> Ans - (D)

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