A shopkeeper fixes the marked price of an item 35% above its cost price. The percentage of discount allowed… · ABC26GN2837

Subject: General Aptitude · Chapter: Profit and Loss

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\%

Answer

Answer (as printed): A

Explanation

Let C.P. $=₹ 100$. Then, Marked Price $=₹ 135$, S.P. $=₹ 108$. Discount $=₹(135-108)=₹ 27$. $$\therefore \text { Discount } \%=\left(\frac{27}{135} \times 100\right) \%=20 \% .$$

Explanation as extracted from the printed page; notation may be imperfect.

Study loop for Profit and Loss

1. Practise the PYQsPrevious-year questions, with answers

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