Question

By selling an umbrella for Rs. 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
• E. 9.5

Answer 1

The correct option is C

8

Marked price = Rs. 300. C.P. = Rs. $\left(\frac{100}{120}\times 300\right)$= Rs. 250.

Sale price = 90% of Rs. 300 = Rs. 270.

$\therefore$ Required Gain % = $\left(\frac{20}{250}\times 100\right)$% = 8% .