Symbiosis National Aptitude Test SNAP 2015 Paper

Question : 5 of 150

Marks: +1, -0

A trader marks 10% higher than the cost price. He gives a discount of 10% on the marked price. In this kind of sales how much percent does the trader gain or lose?

5% gain
2% gain
1% loss
3% loss

Validate

Solution:

Let cost price = ₹ x
Marked price =

{x×110}/{100}

₹ {11x}/{10}

∴ SP =

{11x}/{10}×{90}/{100}

{99x}/{100}

∴ Loss percent =

{{99x}/{100}-x}/{x}×100

= - 1 %
(– sign shows loss)

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