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SSC MTS 2023 PYQ — Question 18

SSC MTS - 02 May 2023 - Shift 2 • Quantitative Aptitude • Q18

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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?

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Correct answer: C

Explanation

The correct answer is option 3 i.e. 1% loss.

Given that

M.P = 10% higher than C.P

Discount given = 10%

Successive percentage change = 10 - 10 - 100100\frac{100}{100} = -1%

Hence, there is a loss of 1%.