Profit and Loss Practice Test 6

Question : 23 of 40

Marks: +1, -0

By selling an umbrella for Rs 30, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% of the marked price. His gain per cent during the sale season is:

Validate

Solution:

SP of an umbrella = Rs 30
Gain % = 20
Let the CP of the umbrella = x

x+20/100x=30

x=25

Shopkeeper sells goods on the marked price Rs 30.
MP = Rs 30
Discount per cent = 10%
New SP

= 30 - {10×30}/100

New SP = Rs 27
Gain per cent

={27-25}/25×100=8%

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