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      Question

      A merchant increases his marked price by increasing its

      cost price by 10%. Then gives a cash discount of 10%. Presuming that his article is fully sold through cash price, find his gain or loss percent.
      A Gain 2% Correct Answer Incorrect Answer
      B Loss 1% Correct Answer Incorrect Answer
      C Gain 1% Correct Answer Incorrect Answer
      D No gain – no loss Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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