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    The marked price is 10% higher than cost price. A discount of 10% given on marked price. What is the gain or loss percent?
    Question

    The marked price is 10% higher than cost price. A discount of 10% given on marked price. What is the gain or loss percent?

    A.

    1% gain

    B.

    5% loss

    C.

    5% gain

    D.

    1% loss

    Correct option is D

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