A shopkeeper marks the price of an article 20% above its cost price. He offers some discount on the marked price and gains a profit of 8%. Rate of discount is

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CollectorBabu · Accepted Answer

Correct Answer: 10%. * Let us suppose that cost price is 100. * Shopkeeper marks the price 20% above its cost price so marked price is =120 (20% of 100 is 20). * it is given that shopkeeper gains 8% profit and profit is always on cost price so sold price = 108 ( 8% of 100 is 8). * So rate of discount = (120 – 108) x 100 /120 = 12x 100/120 = 10% * So option B is correct.

A shopkeeper marks the price of an article 20% above its cost price. He offers some discount on the marked price and gains a profit of 8%. Rate of discount is

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