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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%

Answer and Explanation

Answer:15.54%

Explanation:
The resultant profit = 1.06 * 1.09 = 1.1554 = 15.54%
Alternatively, the resultant profit = [x + y + xy/100]
= 6 + 9 + (6*9)/100
= 15 + 0.54
= 15.54%

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