A trader bought an article for Rs. 1200 and marked it 25% above of its cost price. If he sold it after giving a discount of Rs. 60 then find the profit percent earned by him.
Marked price of the article = 1200 × 1.25 = Rs. 1500 Selling price = 1500 – 60 = Rs. 1440 Profit percentage = [(1440 – 1200)/1200] × 100 = 20%
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