An article was bought for ₹8,100. Its price was marked up by 40%. Thereafter it was sold at a discount of 15% on the marked price. What was the percentage profit on the transaction?

Correct option is D

Given:

Cost Price (CP) = ₹8,100

Mark-up = 40% on CP → Marked Price (MP)

Discount = 15% on MP → Selling Price (SP)

Required: Percentage profit

Formula Used:

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

Solution:

​$$\text{MP} = \text{CP}\times(1+40\%)$$

MP = $$8100 \times 1.4 = 1$$​​1340

SP = $$\text{MP}\times(1-15\%)$$

SP = 11340 $$\times$$​ 0.85 = 9639
Profit = 9639 - 8100 = 1539
​$$\text{Profit \%} = \frac{1539}{8100}\times100 = 1$$​9%
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