Find the resultant profit if A sells a cupboard at a profit of 6% to B and B sells the same to C at a profit of 9%.
A)15%
B)16%
C)14.5%
D)15.54%

Question

Quizplus · Accepted Answer

The overall profit percentage can be calculated using the formula for successive percentage increase: $ (a + b + \frac{ab}{100}) \% $, where $a$ and $b$ are the profit percentages for the first and second transactions, respectively. Here, $a = 6\%$ and $b = 9\%$, so the overall profit percentage is $6 + 9 + \frac{6 \times 9}{100} = 15 + 0.54 = 15.54\%$.

Find the Resultant Profit If a Sells a Cupboard at a Profit