A dealer marks his goods 20% above cost price. He then allows

A dealer marks his goods 20% above cost price. He then allows some discount on it and makes a profit of 8%. The rate of discount is

1. 4%
2. 6%
3. 10%
4. 12%

Correct Option: C

Let C.P. of article = Rs. 100
∴ Marked price = Rs. 120
On profit of 8% , Its S.P. = Rs. 108
∴ Discount = Rs. (120 – 108) = Rs. 12
∴ If discount be y%, then,

120 ×	y	= 12
	100

⇒ y =	12 × 100	= 10%
	120

Discount

Aptitude

Correct Option: C