A trader marks his articles 20% more than the cost price. If he allows 20% discount, then find his gain or loss percent?
Choose the correct option:
A) 6%
B) 8%
C) 5%
D) 2%
E) 4%
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.   Answer: 4%
<result>E</result>
A trader marks his articles 20% more than the cost price. If he allows 20% discount, then find his gain or loss percent?