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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

A
9%
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B
10%
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C
10.5%
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D
11%
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Solution

The correct option is B 10%
Let the C.P. = Rs. 100
Then marked price =Rs. 110, S.P. = Rs. 99
Therefore, Discount %=(11110×100)%=10%

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