An article was purchased at a price of Rs.78350, it was marked up by 30% and it was sold at a discount of 20% on marked price. What was the profit percentage on cost price?
A.4%
B.5%
C.3%
D.6%
E.7%
Sol:
CP of the article= Rs.78350
According to the question SP= 130/100 *80/100
*78350
= Rs.81484
So the profit
= 81484-78350
= Rs.3134 So profit percentage = 3134/78350 *100 =4%
