The marked price 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
C. loses 1%
D. None of these
Explanation:
C.P = Rs. 100
Marked price = Rs. 110
S.P = 90% of Rs. 110 = Rs. 99
Loss = 1%