A shopkeeper marks the price of an article 20% above its cost price. He offers some discount on the marked price and gains a profit of 8%. Rate of discount is

A shopkeeper marks the price of an article 20% above its cost price. H

1.	A shopkeeper marks the price of an article 20% above its cost price. He offers some discount on the marked price and gains a profit of 8%. Rate of discount is
A.	8%
B.	10%
C.	12%
D.	15%
Answer» C. 12%

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A shopkeeper marks the price of an article 20% above its cost price. He offers some discount on the marked price and gains a profit of 8%. Rate of discount is

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