Question : The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price. What is the gain or loss percentage?
Option 1: 5% gain
Option 2: 5% loss
Option 3: 1% loss
Option 4: 1% gain
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Correct Answer: 1% loss
Solution : Given: The marked price is 10% higher than the cost price. A discount of 10% is given on the marked price. Let the cost price (CP) = 100 So, the marked price (MP) = (100 + 100 × $\frac{10}{100}$) = 110 After a 10% discount, the selling price (SP) = MP – MP × $\frac{\text{discount percentage}}{100}$ = 110 – 110 × $\frac{10}{100}$ = 110 – 11 = 99 So, the loss percentage = $\frac{CP-SP}{CP}×100$ = $\frac{100-99}{100}×100$ = 1% Hence, the correct answer is 1% loss.
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Question : The marked price of an article is 20 percent more than its cost price. If 10 percent discount is given on the marked price, then what will be the profit percentage?
Option 1: 8%
Option 2: 15%
Option 3: 12%
Option 4: 10%
Question : If the cost price of 15 pencils is equal to the selling price of 10 pencils, what is the gain or loss percentage?
Option 1: 20% gain
Option 2: 30% gain
Option 3: 50% gain
Option 4: 40% loss
Question : A treader wishes to gain 20% after allowing a 10% discount on the marked price to his customers. At what percent higher than the cost price must he mark up his goods?
Option 1: $30\%$
Option 2: $33\frac{1}{3}\%$
Option 3: $34\frac{2}{3}\%$
Option 4: $35\%$
Question : The cost price of 27 articles is the same as the selling price of 18 articles. What is the gain or loss percentage?
Option 1: 50% gain
Option 2: 60% loss
Option 3: 30% loss
Option 4: 90% gain
Question : The marked price of a chair is 10% more than its cost price. If the chair is sold for INR 300 after a discount of INR 140, then what will be the loss percentage?
Option 1: 20%
Option 2: 12.5%
Option 3: 25%
Option 4: 17%
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