Question

An article was bought for Rs.5600. Its price was marked up by 12%. Thereafter it was sold at a discount of 5% on the marked price, What was the percent profit on the transaction? 

(a) 6.8% (b) 6.3% (c) 6.4% (d) 6.6% (e) 6.2%

Answer 1

(c) SP = 6272 × 95% = 5958.4
Profit = 5958.4 – 5600 = 358.4