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An article was bought fort ₹5600. Its pr...

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

A

`6.8%`

B

`6.3%`

C

`6.4%`

D

`6.6%`

Text Solution

Verified by Experts

The correct Answer is:
C

Profit% `=(595.84 -5600)/(56000) xx 100`
`= (358.4)/(56) = 6.4%`
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