Multiple choice

Mehak bought a candle and decorated it to sell it further. She bought the candle for Rs. 176.59. But after decoration and packaging, she marked the price up by 28%. Further, the candle was sold at discount of 12% on the marked up price. Find the approximate profit or loss percent she earned.

  1. 10%

  2. 11%

  3. 13%

  4. 15%

  5. 17%
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost = 176.59. Marked price = 176.59 * 1.28 = 226.0352. Selling price = 226.0352 * 0.88 = 198.91. Profit = 198.91 - 176.59 = 22.32. Profit % = (22.32 / 176.59) * 100 = 12.64%, which is approximately 13%.

AI explanation

Let the cost price be 100. A markup of 28 percent makes the marked price 128. A 12 percent discount on 128 is calculated as 128 multiplied by 0.12, which equals 15.36, making the selling price 112.64. Using the profit percentage formula, the profit is 12.64 percent, which rounds to 13 percent.

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