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?
Answer & explanation
Correct answer: option 3
MP : CP : SP
11 : 10 : --
10 : -- : 9
_____________
110 : 100 : 99
= 1% loss
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?
Correct answer: option 3
MP : CP : SP
11 : 10 : --
10 : -- : 9
_____________
110 : 100 : 99
= 1% loss