3. By selling an umbrella for Rs 500, a shopkeeper loses 5%. At what price must he sell it to gain 5%?
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Answer:
Answer
C.P. of the umbrella =Rs.(
120
300×100
)=Rs.250
M.P. of the umbrella = Rs.300,
Discount = 10%
∴ S.P. of the umbrella during sale =90%×Rs.300=Rs.270
∴ Gain % during sale season =
Rs.250
Rs.270−Rs.250
×100 =
250
20
×100=8
Step-by-step explanation:
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