A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is
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%
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%
1297 MCQ for effective preparation of the test of Profit and Loss of Word Problems section.
Read the MCQ statement: A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed to gain 8% is , keenly and apply the method you have learn through the video lessons for Profit and Loss to give the answer. Record your answer and check its correct answer and video explanation for MCQ No. 127-12894.