Profit and Loss Practice Test 1

Question : 14 of 40

Marks: +1, -0

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

Solution:

Let C.P. = Rs. 100; then marked price = Rs. 135
If percentage of discount is x%, then

{100-x}/100×135 = 108

⇒ 100 - x = 80

⇒ x % = 20%

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