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 option:	A) 10 %	B) 10.5 %	C) 11 %	D) 12.5 %	E) 9.8

Rationale: "sol . let c . p . = rs . 100 . then , marked price = rs . 110 , s . p . = rs . 99 . ∴ discount % = [ 11 / 112 * 100 ] % = 9.8 % answer e"
Answer: E