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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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