Question

A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is

A) 18% B) 20% C) 22% D) 24%

Answer 1

Step-by-step explanation: Let the cost price = Rs 100

then, Marked price = Rs 135

Required gain = 8%,

So Selling price = Rs 108

Discount = 135 - 108 = 27

Discount% = (27/135)*100 = 20%