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The cost price of an article is 90% of the marked price. What is the gain percentage after allowing a discount of 1% on the marked price?
  • a)
    12.5
  • b)
    20
  • c)
    10
  • d)
    8.33
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
The cost price of an article is 90% of the marked price. What is the g...
Discount % = (MP - SP)/MP × 100
SP = MP - (Discount%/100) × MP
Let the marked price be Rs. X
Cost price = (90/100) × X = 0.9X
Discount = 1%
SP = X - (1/100) × X = 0.99X
Profit % = (SP - CP)/CP × 100
Profit % = (0.99X - 0.9X)/0.9X × 100 = 10%
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The cost price of an article is 90% of the marked price. What is the gain percentage after allowing a discount of 1% on the marked price?a)12.5b)20c)10d)8.33Correct answer is option 'C'. Can you explain this answer?
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