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%

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%