Bala sold an article for #6,900.00 and made a profit of 15%. Calculate his percentage profit if he had sold it for N6,600.00.

Answer Details

If Bala sold an article for #6,900.00 and made a profit of 15%, this means that his cost price for the article was lower than the selling price by 15%. We can calculate his cost price as follows: Cost Price = Selling Price / (1 + Profit%) Cost Price = 6,900 / (1 + 0.15) Cost Price = 6,000 Therefore, Bala's cost price was #6,000.00, and he sold the article for #6,900.00, making a profit of #900.00. Now, we need to calculate the percentage profit he would have made if he sold the article for #6,600.00 instead of #6,900.00. To do this, we can use the following formula: Percentage Profit = (Profit / Cost Price) x 100% Percentage Profit = (6,600 - 6,000) / 6,000 x 100% Percentage Profit = 10% Therefore, if Bala had sold the article for #6,600.00 instead of #6,900.00, he would have made a profit of 10%. The correct option is 10%.