An article was purchased for Rs.,78,350. Its price was marked up by 30 % . It was sold at a discount

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7.Profit and Loss

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An article was purchased for $Rs.\,78,350.$ Its price was marked up by $30 \% .$ It was sold at a discount of $20 \%$ on the marked$-$up price. What was the profit percent on the cost price?

A

$4$

B

$7$

C

$5$

D

$3$

Solution

cost price $=₹ 78350$

Marked price $=78350 \times \frac{130}{100}=₹ 101855$

Selling price $=101855 \times \frac{80}{100}=₹ 81484$

Profit $=81484-78350=3134$

$\therefore$ Required $\%$ profit $=\frac{3134}{78350} \times 100=4 \%$

Standard 13

Quantitative Aptitude

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