Subject: General Aptitude · Chapter: Profit and Loss · Exam: · Marks: · Difficulty:
By selling an umbrella for ₹ 300, a shopkeeper gains 20\%. During a clearance sale, the shopkeeper allows a discount of 10\% on the marked price. His gain percent during the sale is
(a)7
(b)7.5
(c)8
(d)9
Answer
Answer (as printed): C
Explanation
Marked price $=₹ 300$. C.P. $=₹\left(\frac{100}{120} \times 300\right)=₹ 250$. Sale price $=90 \%$ of ₹ $300=₹ 270$. $$\therefore \quad \text { Required gain } \%=\left(\frac{20}{250} \times 100\right) \%=8 \% .$$
Explanation as extracted from the printed page; notation may be imperfect.