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SSC Quantitative Aptitude Profit and Loss Question Bank Profit Loss and Discount (II)

  • question_answer
    By selling an umbrella for Rs. 30, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allow a discount of 10% of the marked price. His gain percentage during the sale season is

    A) 7

    B) 7.5

    C) 8

    D) 9

    Correct Answer: C

    Solution :

    [c] Given, selling price of an umbrella = Rs. 30 Profit percentage = 20% \[\therefore \] Cost price of an umbrella             \[=\frac{30\times 100}{120}=\text{Rs}.\,\,25\] During the clearance sale, selling price of an umbrella             \[=\frac{30\times 90}{10}=\text{Rs}.\,\,27\] \[\therefore \]      Required profit percentage             \[=\frac{27-25}{25}\times 100=8%\]


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