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. Find his gain percent during the sale season.

• A. 10%
• B. 8%
• C. 12%
• D. 9%

Answer 1

The correct option is B 8%

C.P. of the umbrella $=Rs.\left(\frac{300\times 100}{120}\right)=Rs.250$
M.P. of the umbrella = Rs.300,

Discount = 10%

$\therefore$ S.P. of the umbrella during sale $=90\%\times Rs.300=Rs.270$
$\therefore$ Gain % during sale season $=\frac{Rs.270-Rs.250}{Rs.250}\times 100$ $=\frac{20}{250}\times 100=8$