Q:

The MRP of a article is 60% above its manufacturing cost. The article is sold through a retailer, who earns 19% profit on his purchase price. What is the approx. profit percentage for the manufacturer who sells his article to the retailer? The retailer gives 15% discount on MRP.

• 1
  15.2%
• 2
  14.2%
• 3
  13%
• 4
  12.5%
• 5
  Can't be determined