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Question 53
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 = 100
If MRP is 10% higher than cost price then, MRP = 110
If a discount of 10% is given then selling price would be,
S.P = 90% of 110 (or) 99
The seller loses 1% in the sale.
Hence, option D is the correct answer.
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