A trader bought an article for Rs. 3000 and marked it 20% above of its cost price. If he sold it after giving a discount of Rs. 120 then find the profit percent earned by him.
Marked price of the article = 3000 × 1.20 = Rs. 3600 Selling price = 3600 – 120 = Rs. 3480 Profit percentage = [(3480 – 3000)/3000] × 100 = 16%
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