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Discussion :: Profit and Loss

  1. 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:
    2. A.
    7
    B.
    7.5
    C.
    8
    D.
    9

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    Answer : Option C

    Explanation :

    Marked price = Rs. 300

    C.P. = 100/120 * 300 = Rs. 250

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