Question 130
A trader fixes selling prices of commodities after increasing them by 10% and offers 10% rebate on selling prices. The per cent gain or loss is
Solution
After increasing price by 10% and then giving discount of 10%
Resultant effect = $$[10 - 10 + (\frac{10 \times -10}{100})]\%$$
= $$\frac{-100}{100}$$ = -1%
$$\therefore$$ Trader will incur a loss of 1%
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