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Finding Discounts

A shopkeeper ...

Question

A shopkeeper fixes the MP of an item 35% above its CP. The percentage of discount allowed to gain 8% is ?

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Solution

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%

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