The marked price of an article is 10% higher than the cost price. A discount of 10% is given on the marked price. In this kind of sale, the seller:  Choose the correct choice from the following answers:	A) bears no loss, no gain	B) gains 1%	C) loses 1%	D) None of these	E) Can't be determine
Let C.P.=Rs. 100. Then, marked price=Rs. 110.   S.P=90% of Rs. 110=Rs. 99. So, loss=1%   ANSWER:loses 1%
<result>C</result>
The marked price of an article is 10% higher than the cost price. A discount of 10% is given on the marked price. In this kind of sale, the seller: