A trader marks his books 20% more than the cost price. If he allows 30% discount, then find his gain or loss percent? Options:	A) 2% profit	B) 2% loss	C) 16% loss	D) No profit No loss	E) None of these
Let 16% lossP of an book = 100   MP of an book = 120   Discount 30 % on 120 = 36   SP of the book = 120 - 36= 
<gadget id="calculator">120 - 36</gadget>
<output>84</output>
84   loss= 16%   Answer : 16% loss
<result>C</result>
A trader marks his books 20% more than the cost price. If he allows 30% discount, then find his gain or loss percent?