The marked price of an article is 10% more than the cost price and a d

1.	The marked price of an article is 10% more than the cost price and a discount of 10% is given on the marked price. The seller has A. no gain and no loss B. 1% gain C. 1% loss D. none of these
Answer» When two similar items are sold at same price, one at a gain and other at a loss of same percent. Then always a loss will be occurred. Loss % = (Common Loss and Gain Percent / 10)² = (10/10)² = (1)² = 1 So, Loss will be 1%.

The marked price of an article is 10% more than the cost price and a discount of 10% is given on the marked price. The seller has A. no gain and no loss B. 1% gain C. 1% loss D. none of these

Answer»

When two similar items are sold at same price, one at a gain and other at a loss of same percent. Then always a loss will be occurred.

Loss % = (Common Loss and Gain Percent / 10)²

= (10/10)²

= (1)² = 1

So, Loss will be 1%.