The marked price is 10% higher than the - CUETMOCK

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Home Questions 62JBTUHUHJ

Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The marked price is 10% higher than the cost price. A discount of 10% given on marked price. What is the gain or loss percent?

Options:

5% gain

5% loss

1% loss

1% gain

Correct Answer:

1% loss

Explanation:

MP : CP : SP

11 : 10 : --

10 : -- : 9

_____________

110 : 100 : 99

= 1% loss

CUET Questions