By selling an umbrella for Rs. 300, a shop keeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is:________?
Q1. By selling an umbrella for Rs. 300, a shop keeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% on the marked price. His gain percent during the sale is:________?
Answer: 8%
Explanation: CP = 300/1.20 = Rs.250; after 10% discount, SP = 270; profit% = (270−250)/250 × 100 = 8%.