Quantitative Aptitude Ques 260

Question: A trader fixes selling price of commodities after increasing them by 10% and offers 10% discount on selling prices. The percentage gain or loss is

Options:

A) 1% gain

B) 0.9% gain

C) 1.1% loss

D) 1% loss

Show Answer

Answer:

Correct Answer: D

Solution:

  • Let the cost price of the article be Rs. 100. Then, selling price $ =100\times \frac{(100+10)}{100}=110 $ Discount offered $ =110\times \frac{90}{100}=Rs.,99 $ Loss percentage $ =\frac{1\times 100}{100}=1% $ Alternate Method $ [ +10-10-\frac{10\times 10}{100} ]=-1%=1%,loss,(-ve,sign) $
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