Allied & ICAR Exam Bank • ALLIED_1792 MCQ • 2 Marks

Section 8: General Aptitude

Quantitative Aptitude

Subtopic: Ratios & Percentages

Question Statement:

By selling an umbrella for Rs 300, a shopkeeper gains 20%. During a clearance sale, he offers a 10% discount on the marked price of Rs 300. His gain percentage in the sale is:

Options:

  • (A) 8%
  • (B) 10%
  • (C) 6%
  • (D) 12%

Answer Key:

A

Step-by-Step Solution & Explanation

$CP = 300 / 1.20 = 250$. Sale price $= 300 \times 0.90 = 270$. Profit $= (270 - 250) / 250 = 20 / 250 = 8\%$.
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