A shopkeeper fixes the marked price of an item 25% above its cost price. The percentage of discount allowed to gain 8% is
Choose the correct choice from the following answers.
A) 11.59%
B) 12.59%
C) 13.59%
D) 14.59%
E) None of these
Explanation:   Let the cost price = Rs 100   then, Marked price = Rs 125   Required gain = 8%,   So Selling price = Rs 108   Discount = 125 - 108= 
<gadget id="calculator">125 - 108</gadget>
<output>17</output>
17   Discount%= (17/135)*100 = 12.59%   Option 12.59%
<result>B</result>
A shopkeeper fixes the marked price of an item 25% above its cost price. The percentage of discount allowed to gain 8% is