1.

A trader marks his articles 20% more than the cost price. If he allows 20% discount, then find his gain or loss percent?

Answer»

4% LOSS



Let CP of an article = RS. 100

MP= Rs. 120

Discount = 20%

SP = M[(100 - d%)/100] = 120(80/100) = Rs. 96

Clearly, the trader GETS 4% loss.



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