A shopkeeper marks an article 35% above the cost price, and offers 20% discount on the marked price, what is his gain percentage?

Correct option is A

Given:

Marked price of article = 35% above CP

Discount offered =20%

Formula Used:

Selling Price = Marked Price - Discount

Profit Percent =$$\frac{Profit}{Cost \ Price} \times 100$$​​

Solution:

Let the Cost Price of article be 100

If marked up price is 35% then marked price will be:

= 100 + 35% of 100 = 135

The SP = MP - Discount

= 135 - 20% of 135

= 135 - 27

= 108

Profit = 108 -100 = 8

Profit percent =$$\frac{8}{100} \times 100 =8\%$$​​