Question 14
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By selling an umbrella for ₹ 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:
- A 7
- B 7.5
- C 8 Correct
- D 9
Correct Answer: Option C
Marked price = ₹ 300
C.P. = 100/120 x 300 = ₹ 250
Sale price = 90% of ₹ 300 = ₹ 270
∴ Required gain % = 20/250 x 100 = 8%.
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