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Question

A trader marked the selling price of an article at 10% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of
  1. 9%
  2. 10%
  3. 11%
  4. 10.5%

A
10.5%
B
11%
C
9%
D
10%
Solution
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Let the C.P. = Rs. 100
Then marked price =Rs. 110, S.P. = Rs. 99
Therefore, Discount %=(11110×100)%=10%

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