The problem involves calculating cost price from a given selling price and profit percentage, then calculating a new selling price after a discount on the marked price, and finally finding the new profit percentage. Assume the initial selling price (₹ 300) is the marked price for the clearance sale.
By selling an umbrella for ₹ 300, a shopkeeper gains 20%. During a clearance sale, the shopkeeper allows a rebate of 10% on the marked price. The percentage of the shopkeeper's gain is
Asked in KPSC KAS Prelims 2014 · Topic: Tertiary Sector (Key Sub-sectors within Services: Overview and Interlinkages)
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