1. A trader fixes selling prices of commodities after increasing them by 10% and offers 10% rebate on selling prices. The per cent gain or loss is
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By: anil on 05 May 2019 01.51 am
After increasing price by 10% and then giving discount of 10% Resultant effect = $$[10 - 10 + (frac{10 imes -10}{100})]\%$$ = $$frac{-100}{100}$$ = -1% $$ herefore$$ Trader will incur a loss of 1%
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