SSC Government Jobs Exams Numerical Ability Profit and Loss

By selling an umbrella for Rs. 30, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10% of the marked price. He gain during eh sale season is?

Read Solution (Total 2)

30/120% = 25
30*90%=27
27-25=2
25=2
100=8%
7 years agoHelpfull: Yes(1) No(0)

s.p=30
profit=120/100=20%more
s.p=p*c.p
30=120/100*c.p
c.p=25
during the clearance sale 10% discount on s.p so
new s.p=100-10/100*s.p
new s.p=90/100*s.p
=27
gain %=new s.p-c.p/c.p
=27-25/25
gain%=8
6 years agoHelpfull: Yes(0) No(0)

SSC Other Question

By selling an article at 80% of it marked price, a trader makes a loss of 10%. What will be the profit percentage if he sells it at 95% of its marked price? What is the maximum percentage discount (approximately) that a merchant can offer on his marked price so that he ends up selling at no profit or loss, if he initially marked his goods up by 40%?