1 View

Question : A man bought an article for Rs. 1500 and sold it at a price 25% higher than the cost price. After paying Rs. 75 as tax on the sale, calculate the net profit percentage.

Option 1: 20%

Option 2: 25%

Option 3: 30%

Option 4: 15%


Team Careers360 2nd Jan, 2024
Answer (1)
Team Careers360 15th Jan, 2024

Correct Answer: 20%


Solution : Given: A man purchased an article for Rs. 1500.
Sold it at 25% above the cost price.
He has to pay Rs. 75 as a tax on it.
The cost price(CP) = Rs. 1500
Profit = 25% of 1500 = $\frac{25}{100}×1500=375$
$\therefore$ Net profit = 375 – 75 = Rs. 300
$\therefore$ Profit percentage $=\frac{\text{Net profit}}{\text{CP}} × 100= \frac{300}{\text{1500}}×100= 20\%$
Hence, the correct answer is 20%.

How to crack SSC CHSL

Candidates can download this e-book to give a boost to thier preparation.

Download Now

Know More About

Related Questions

TOEFL ® Registrations 2024
Apply
Accepted by more than 11,000 universities in over 150 countries worldwide
Manipal Online M.Com Admissions
Apply
Apply for Online M.Com from Manipal University
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books