Question

an article is at 10% more than the CP. If the discount of 10%is aloud then which of the following is right ? a. 1%gain b.1%loss c. no gain no loss d. 1.1 %loss

Answer 1

Answer:

Step-by-step explanation:

CP = a

MP = a x 110/100 = 110a/100

profit or loss = 110a/100 x 10/100

1100a = 10000

a = 9.09

CP (a) = 9.09

MP = 9.09 x 110/100 = 10

SP = 10 x 90/100 = 9

SP ∠ CP

So loss =

9.09 - 9 = 0.09

In percent  = 0.09/9.09  x 100 = 1%

So b. 1% loss

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Answer 2

Answer:

So loss is 1%.

So, option b is the correct answer.

Step-by-step explanation:

Let the Cost price be x.

Given MRP is 10% more than CP

So, MRP is $x \times \frac{110}{100} = x \times \frac{11}{10}$

Again given that the discount of 10% on MRP

So selling price $= x \times \frac{11}{10} \times \frac{90}{100} = x \times \frac{99}{100}$

Here cost price is more than selling price

We know,

$loss = Cost \: price- Selling \: price$

Loss$= x - \frac{99x}{100} = \frac{x}{100}$

We know x means 100%

So,

$\frac{x}{100}$means $\frac{100}{x} \times \frac{x}{100}\% = 1\%$

So loss is 1%.