Multiple choice

Sheenu sells her products at 12% less than the marked price, which is 15% more than the cost price. What is the profit percent?

  1. 1.2%

  2. 2.2%

  3. 3.2%

  4. 4.2%

  5. 5.2%
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A Correct answer
Explanation

Let CP = 100. MP = 115. SP = 115 * 0.88 = 101.2. Profit = 101.2 - 100 = 1.2%.

AI explanation

Let the cost price be 100, which makes the marked price 115 after the 15% increase. Sheenu sells the product at a 12% discount on this marked price, so the selling price becomes 115 multiplied by 0.88, resulting in 101.2. The profit is the selling price minus the cost price, yielding 101.2 - 100 = 1.2, meaning the profit percentage is 1.2%.

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