A business man marks an umbrella at rs110 by selling it at a discount of 20% he gain 10% find the cp of the umbrella
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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.
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
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