Q. A dealer marks his goods 20% above cost price. He then allows some discount on it and markets a profit of 8%. The rate of discount is ?
✅ Correct Answer: (B)
10%
Explanation: Let C.P. = Rs. 100
⇒ Marked price = Rs. 120,
⇒ S.P. = Rs. 108
∴ Rate of discount = (12/120) x 100% = 10%
Explanation by: Monu Rathod
Let C.P. = Rs. 100
⇒ Marked price = Rs. 120,
⇒ S.P. = Rs. 108
∴ Rate of discount = (12/120) x 100% = 10%
⇒ Marked price = Rs. 120,
⇒ S.P. = Rs. 108
∴ Rate of discount = (12/120) x 100% = 10%