Question

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

• A. $10$%
• B. $15$%
• C. $20$%
• D. $40$%

Answer 1

The correct option is C $20$%

$\Rightarrow$ Let the cost price = Rs. $100$

$\Rightarrow$ Then, Marked price = Rs.$135$

$\Rightarrow$ Required gain = $8\%$

$\Rightarrow$ So Selling price = Rs.$108$

$\Rightarrow$ Discount = Rs.$135-$Rs.$108=$ Rs. $27$

$\Rightarrow$ Discount % = $\frac{27}{135}\times 100=20\%$