The list price of coconut oil is 15% more than its cost price. At what per cent less should it be sold for no profit and no loss?

$13\frac{3}{23}$ % $13\frac{11}{23}$ % $13\frac{2}{23}$ % $13\frac{4}{23}$ %

$13\frac{11}{23}$ %

Let the cost price of the coconut = 100 Markup = 15% Then the selling price of the coconut = 115% of 100 = 115 Now it should sell at = (115 - 100) × \(\frac{100}{115}\) = $13\frac{11}{23}$ % less for no profit and no loss.