L&T Company Numerical Ability Profit and Loss

The marked price of an article is 10% higher than the cost price. A discount of 10% is given on the marked price. In this kind of sale, the seller:
(a) bears no loss, no gain
(b) gains 1%
(c) loses 1%
(d) None of these
(e) Can't be determine

Read Solution (Total 3)

(c): Let C.P.=Rs. 100. Then, marked price=Rs. 110.
S.P=90% of Rs. 110=Rs. 99. So, loss=1%
7 years agoHelpfull: Yes(16) No(2)

A+B+AB/100
10+(-10)+10(-10)/100=-1
- INDICATES LOSS
7 years agoHelpfull: Yes(1) No(0)
MP =(110/100)*CP
SP=(90/100)*MP
=( 90/100)*(110/100)*CP
=(99/100) *CP
==>1%LOSS
7 years agoHelpfull: Yes(0) No(0)

L&T Other Question

A fan is listed at Rs. 750 with a discount of 20%. What additional discount must be offered to the customer to bring the net price Rs. 540?
(a) 11(1/9)%
(b) 10%
(c) 11%
(d) 8%
(e) None of these If a commission of 10% is given on the marked price of a book, the publisher gains 20%. If the commission is increased to 15%, the gain is:
(a) 16(2/3)%
(b) 13(1/3)%
(c) 15 (1/6)%
(d) 15%
(e) None of these