Mathematics
NULL
Medium
Question
A tradesman marks goods 10% above cost and allows 10% discount on MP. Profit or loss?
A
1% gain
B
1% loss
✓ Official correct answer
C
5% gain
D
No gain no loss
Community credibility
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A
1% gain
No member explanations yet for this option.
B
1% loss
No member explanations yet for this option.
C
5% gain
No member explanations yet for this option.
D
No gain no loss
No member explanations yet for this option.
Explanation
SP = CP×1.10×0.90 = 0.99 CP → 1% loss.