A trader marks his articles 20% more than the cost price. If he allows 20% discount, then find his gain or loss percent?	Select the correct option
A) No profit No loss
B) 4% profit
C) 2% loss
D) 2% profit
E) None of these
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.   ANSWNone of theseR:None of these
<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?