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A seller initially sells his product at 10 % more than his cost price. Later he reduces the selling price by 10 % what will be the net effect on his profit and loss?

Correct Answer: 1% loss

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Math MCQ: A seller initially sells his product at 10 % more than his cost price. Later he reduces the selling price by 10 % what will be the net effect on his profit and loss? | Extra Education