Home » Aptitude » Profit and Loss

By selling an umbrella for ₹ 30, 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

Correct Answer: 8

Explanation:

Given, selling price of an umbrella = ₹ 30
Profit percentage = 20%
∴ Cost price of an umbrella = (30 x 100)/120 = ₹ 25
During the clearance sale, selling price of an umbrella = (30 x 90)/100 = ₹ 27
∴ Required profit percentage = [(27 - 25)/25] x 100% = 8%


← Previous Question Next Question→

More Questions from Profit and Loss

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion