By selling an umbrella for Rs. 300, a shop keeper gains 10%. During a clearance sale, the shopkeeper allows a discount of 5% on the marked price. His gain percent during the sale is?
Choose the correct choice.
A) 5.56%
B) 2%
C) 8%
D) 3%
E) 4%
Marked price = Rs. 300   C.P. = 100/110 * 300 = Rs. 270   Sale price = 95% of Rs. 300 = Rs. 285   Required gain % = 15/270 * 100 =5.56%.   5.56%nswer: 5.56%
<result>A</result>
By selling an umbrella for Rs. 300, a shop keeper gains 10%. During a clearance sale, the shopkeeper allows a discount of 5% on the marked price. His gain percent during the sale is?