Given below are two quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Quantity A: By how much percentage a shopkeeper must mark the goods above the cost price so as by giving 20% discount, he can still earn 8% profit? Quantity B: 30%

Given below are two quantities named A and B. Based on the given information, you have to determine the relation between the two quantities. You should use the given data and your knowledge of Mathematics to choose between the possible answers. Quantity A: By how much percentage a shopkeeper must mark the goods above the cost price so as by giving 20% discount, he can still earn 8% profit? Quantity B: 30% Correct Answer Quantity B < Quantity A

First, we will find Quantity A

Quantity A:

Suppose the cost price = Rs. x

∴ Selling price = 1.08x

Since 20% discount is given;

∴ Marked price = 1.08x/0.8 = 1.35x

∴ The goods must be marked 35% above the cost price.

Now,

Quantity B: 30%

∴ Quantity B < Quantity A

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