Profit & Loss Mcqs

Q.  By selling an umbrella for Rs. 300, a shop keeper 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: See Answer
 
Marked price = Rs. 300

C.P. = 100/120 * 300 = Rs. 250
Sale price = 90% of Rs. 300 = Rs. 270
Required gain % = 20/250 * 100 = 8%.
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