Study the information given below and answer the question that follows:
An article was bought for Rs. 5200. Its price was marked up by 15%. Thereafter it was sold at a discount of 9% on the marked price.
What was the per cent profit earned on the transaction ?
Cost price = 5200
Selling price (after giving 9% discount on marked price) = 5200(1.15)(1-(0.09)) = 5441.8
Profit = 241.8
%Profit = $$\frac{241.8}{5200}$$ = 4.65
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