Multiple choice

Aarti runs a small gift shop that she recently opened in her neighbourhood. One evening, she was thrilled to sell a batch of 15 handmade candles to a customer. After the sale, Aarti calculated her earnings and found that the profit she made from selling these 15 candles was equal to the selling price of 3 candles. What was Aarti's profit percentage?

  1. 15

  2. 20

  3. 25

  4. 33

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

Profit on 15 candles = Selling Price (SP) of 3 candles. Let SP of 1 candle be 1. Profit = 3. Total SP of 15 candles = 15. Cost Price (CP) = SP - Profit = 15 - 3 = 12. Profit % = (Profit/CP) * 100 = (3/12) * 100 = 25%.

AI explanation

Let the cost price of one candle be CP and the selling price be SP; the total cost price for 15 candles is 15CP and the total selling price is 15SP. The profit equals the selling price of 3 candles, so 15SP - 15CP = 3SP, which simplifies to 12SP = 15CP and SP = 1.25CP. Using the profit percentage formula, Profit Percentage = ((SP - CP) / CP) x 100, the profit is 0.25 x 100 = 25%.

Keep practicing — related questions