The cost of manufacture of a tape recorder is $ 1,500. The manufacturer fixes the marked price 20% above the cost of manufacture and allows a discount in such a way as to get a profit of 8%. The rate of discount is

The cost of manufacture of a tape recorder is $ 1,500. The manufacture

1.	The cost of manufacture of a tape recorder is $ 1,500. The manufacturer fixes the marked price 20% above the cost of manufacture and allows a discount in such a way as to get a profit of 8%. The rate of discount is
A.	12%
B.	8%
C.	20%
D.	10%
Answer» E.

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The cost of manufacture of a tape recorder is $ 1,500. The manufacturer fixes the marked price 20% above the cost of manufacture and allows a discount in such a way as to get a profit of 8%. The rate of discount is

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