An article was purchased for Rs. 97.35. Its price was marked up by 20%. It was sold at a discount of 10% on the marked up price. What was the profit percent on the cost price?

Let the cost price be 100, making the marked up price 120 after the 20% increase. A 10% discount on the marked price reduces it by 12, resulting in a final selling price of 108. Comparing this selling price to the original cost price of 100, the profit is 8, yielding an 8% profit on the cost price.

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