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A trader fixes the sale price of his merchandise higher by 10% and then gives a discount of 10% on the same sale price. What is the percentage of profit or loss of his sales?

Options

A.1 % Profit
B.0.9 % Profit
C.1.1 % Loss
D.1 % Loss

Correct Answer

D. 1 % Loss

Exam
Bihar CGL
Language
English
Subject
Economics
Year
2015
Difficulty
1/5
Section
General Studies

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