The marked price of an item is 25% above its cost price. A shopkeeper sells it, allowing a discount of x % on the marked price. If he incurs a loss of 8%, then the value of x is
Let the cost price of an article be 100.
Marked price = 100 $$\times$$ 125/100 = 125
Discount =Â x%
Loss = 8%
Selling price = 100 $$\times$$ 92/100 = 92
Selling price = marked price - discount
Discount = 125 - 92 = 33
 x% = $$\frac{33}{125} \times 100$$ = 26.4%
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