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Directions: Study the information given below and answer the questions that follow.
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.

Q:

What was the percent profit on the transaction?

  • 1
    6.8%
  • 2
    6.3%
  • 3
    6.4 %
  • 4
    6.6 %
  • 5
    6.2%
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Answer : 3. "6.4 %"

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