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By selling an umbrella for Rs. 30, a sho...

By selling an umbrella for Rs. 30, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a discount of 10%. Find his gain percent during the sale season.

A

8

B

7

C

9

D

7 `1/2`

Text Solution

AI Generated Solution

The correct Answer is:
To solve the problem step by step, we will follow the given information and perform the necessary calculations. ### Step 1: Determine the Cost Price (CP) The selling price (SP) of the umbrella is given as Rs. 30, and the gain is 20%. To find the cost price (CP), we can use the formula: \[ SP = CP + \text{Gain} \] Since Gain is 20% of CP, we can express it as: \[ SP = CP + 0.2 \times CP = 1.2 \times CP \] Now, substituting the selling price: \[ 30 = 1.2 \times CP \] To find CP, we rearrange the equation: \[ CP = \frac{30}{1.2} = 25 \] ### Step 2: Calculate the Discount During the clearance sale, a discount of 10% is given on the selling price of Rs. 30. The amount of discount can be calculated as: \[ \text{Discount} = 10\% \text{ of } 30 = \frac{10}{100} \times 30 = 3 \] ### Step 3: Determine the New Selling Price (SP) Now, we can find the new selling price after applying the discount: \[ \text{New SP} = \text{Original SP} - \text{Discount} = 30 - 3 = 27 \] ### Step 4: Calculate the Gain During the Sale Now, we need to find the gain during the sale. The gain can be calculated as: \[ \text{Gain} = \text{New SP} - CP = 27 - 25 = 2 \] ### Step 5: Calculate the Gain Percentage Finally, we can find the gain percentage using the formula: \[ \text{Gain Percentage} = \left( \frac{\text{Gain}}{CP} \right) \times 100 \] Substituting the values: \[ \text{Gain Percentage} = \left( \frac{2}{25} \right) \times 100 = 8\% \] ### Final Answer The gain percentage during the sale season is **8%**. ---
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