Multiple choice

A shopkeeper fixes the marked price of an item 35% above its cost price. What is the percentage of discount allowed to gain 8%?

  1. 43%

  2. 27%

  3. 20%

  4. 15%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Let CP = 100. MP = 135. Desired SP = 108. Discount = MP - SP = 135 - 108 = 27. Discount % = (27/135) * 100 = 20%.

AI explanation

Assume the cost price is 100, making the marked price 135 since it is fixed 35 percent above the cost price. To gain 8 percent, the required selling price must be 108. Using the discount formula, Discount Percentage equals (Marked Price minus Selling Price) divided by Marked Price multiplied by 100, the discount is (135 minus 108) divided by 135 multiplied by 100, which equals 20 percent.

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