Profit and Loss Practice Test 9

Question : 14 of 40

Marks: +1, -0

A shopkeeper 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%. What is his allowed discount?

11%
10.5%
10%
9%

Validate

Solution:

Let C.P = Rs. 100; then,
Marked price = Rs. 110 and S.P. = Rs. 99
Hence, required discount%

= 11/110 × 100 = 10%

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