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- Standard 13
- Quantitative Aptitude
7.Profit and Loss
medium
A shopkeeper fixes the marked price of an item $35 \%$ above its cost price. The percentage of discount allowed to gain $8 \%$ is......$\%$
A
$20$
B
$27$
C
$31$
D
$43$
Solution
Marked price $=1.35 \times$ cost price
For a gain of $8 \%$,
$S.P.$ $=1.08 \times$ cost price
$\therefore \%$ discount allowed on marke d price $=\frac{1.35-1.08}{1.35} \times 100=\frac{0.27}{1.35} \times 100=20 \%$
Standard 13
Quantitative Aptitude