A trader bought an article for Rs. 2000 and marked it 25% above of its cost price. If he sold it after giving a discount of Rs. 160 then find the profit percent earned by him.
Marked price of the article = 2000 × 1.25 = Rs. 2500 Selling price = 2500 – 160 = Rs. 2340 Profit percentage = [(2340 – 2000)/2000] × 100 = 17%
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