An article was bought for ₹1,300. Its price was marked up by 35%. Thereafter it was sold at a discount of 20% on the marked price. What was the percentage profit on the transaction?​

Correct option is D

Given:

Cost Price (CP) = ₹1,300

Mark-up = 35% on CP

Discount = 20% on Marked Price (MP)

Formula Used:

​$$\text{MP} = \text{CP}\times (1+\text{markup}\%)$$​​

​$$\text{SP} = \text{MP}\times (1-\text{discount}\%)$$​​

Profit% $$=\dfrac{\text{SP}-\text{CP}}{\text{CP}}\times 100$$​​

Solution:
MP = 130$$0\times 1.35=₹1755$$​​
SP = $$1755\times 0.80=₹1404$$​​
Profit = 1404 - 1300 = ₹104
​$$\text{Profit\%}=\frac{104}{1300}\times100=8$$​%