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

18%
20%
22%
24%

Correct Answer: 20%

Explanation:

Let the cost price = Rs 100
then, Marked price = Rs 135
Required gain = 8%,
So Selling price = Rs 108
Discount = 135 - 108 = 27
Discount% = (27/135)*100 = 20%

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