Question

Marked price of an article is 10% more than the CP. If 10% discount is allowed, then find the loss or gain percentage.

Answer 1

Answer:

let the C.P be 100x

so marked price= 100x+(10/100) *100x

= 100x+10x

=110x

so discount on 110x= (10/100) *110x= 11x

so discounted price= 110x-11x=99x

therefore there is a loss of (100x-99x) =x

percentage loss= (x/100x) *100= 1%

Step-by-step explanation:

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