By selling an umbrella for 30 ruppes, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a
discount of 10% of the marked price. His gain percentage during the sale season is
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Answer:
Given, selling price of an umbrella = Rs.30
Profit percentage = 20%
Therefore, Cost price of an umbrella
= 30×100120 = Rs.25
During the clearance sale, selling price of an umbrella
= 30×90100 = Rs.27
Therefore, Required profit percentage
= 27−2525×100 = 8%
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