Question

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 1

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%