A man purchased an article for Rs. 1500 and sold it at 25% above the cost price. If he has to pay Rs. 75 as tax on it his net profit percentage will be = ?
A. 25%
B. 30%
C. 15%
D. 20%
Answer: Option D
Solution(By Examveda Team)
$$\eqalign{ & {\text{Cost price}} = {\text{Rs}}{\text{. 1500}} \cr & {\text{Profit after selling}} \cr & = 25\% {\text{ of }}1500 \cr & = {\text{Rs}}{\text{.375}} \cr & {\text{Net profit }} \cr & = {\text{Rs}}{\text{.375}} - {\text{Rs}}{\text{.75}} \cr & = {\text{Rs}}{\text{.300}} \cr & {\text{Net profit }}\% \cr & = \frac{{300}}{{1500}} \times 100 \cr & = 20\% \cr} $$Related Questions on Profit and Loss
A. 45 : 56
B. 45 : 51
C. 47 : 56
D. 47 : 51
A. Rs. 2600
B. Rs. 2700
C. Rs. 2800
D. Rs. 3000
A. A neither losses nor gains
B. A makes a profit of 11%
C. A makes a profit of 20%
D. B loses 20%
A. Rs. 3,750
B. Rs. 3,250
C. Rs. 2,750
D. Rs. 2,250
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