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in Commercial Mathematics by (53.1k points)
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A shopkeeper fixes the marked price of an item 35% above its cost price. What is the percentage of discount allowed to gain 8% ?

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Best answer

Let the C.P. = Rs 100. Then,

M.P. = Rs 135 and S.P. =\(\frac{108\times100}{100}\) = Rs 108

\(\therefore\) Discount = Rs 135 – Rs 108 = Rs 27

Discount% = \(\frac{27}{135}\) x 100 = 20%

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