Profit & Loss Mcqs

Q.  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

a. Bears no loss no gain
b. gains
c. loses 1%
d. None of these


ANSWER: See Answer
 
C.P = Rs. 100

Marked price = Rs. 110

S.P = 90% of Rs. 110 = Rs. 99

Loss = 1%
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