Mathematics
NULL
Medium
Question
A trader marks an article 10% above cost, then allows a discount and still loses 1%. What discount did he allow?
A
0.1
✓ Official correct answer
B
0.105
C
0.11
D
0.125
Community credibility
Registered members can vote for the answer they believe is correct today and explain why. If the facts change after an election or news event, suggest a new option so others can vote it up.
A
0.1
No member explanations yet for this option.
B
0.105
No member explanations yet for this option.
C
0.11
No member explanations yet for this option.
D
0.125
No member explanations yet for this option.
Explanation
MP = 1.1 CP and SP = 0.99 CP ⇒ discount = 0.11/1.1 = 10% (option 0.1).