A trader marked the selling price of an article at 12% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of : Choose the correct choice from the following
A) 10 %	B) 10.5 %	C) 11 %	D) 12.5 %	E) 9.8
Sol.   Let C.P. = Rs. 100. Then, Marked Price = Rs. 110, S.P. = Rs. 99.   ∴ Discount % = [11/112 * 100] % = 9.8%   Answer 9.8
<result>E</result>
A trader marked the selling price of an article at 12% above the cost price. At the time of selling, he allows certain discount and suffers a loss of 1%. He allowed a discount of :