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:________?
A. 7
B. 7.5
C. 8
D. 9
Explanation:
Marked price = Rs. 300
C.P. = 100/120 * 300 = Rs. 250
Sale price = 90% of Rs. 300 = Rs. 270
Required gain % = 20/250 * 100 = 8%.