A shopkeeper fixes the marked price of an item 30% above its cost price. The percentage of discount allowed to gain 8% is	Choose the correct choice from the following options.
A) 15.92% B) 16.92% C) 17.92% D) 18.92% E) None of these
Explanation:   Let the cost price = Rs 100   then, Marked price = Rs 130   Required gain = 8%,   So Selling price = Rs 108   Discount = 130 - 108= 
<gadget id="calculator">130 - 108</gadget>
<output>22</output>
22   Discount%= (22/130)*100 = 16.92%   Option 16.92%
<result>B</result>
A shopkeeper fixes the marked price of an item 30% above its cost price. The percentage of discount allowed to gain 8% is