# What will be his profit percentage, After paid Rs. 75 as tax? If

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:

- 30%
- 15%
- 20%
- 25%

**Answer: (3) 20%**

**Explanation:-**The cost price of an article = Rs. 1500

25% of 1500 = 1500 x 25 /100

= 15 x 25

= Rs. 375

Then, the selling price of an article = 1500 + 375

= Rs. 1875

He pay Rs. 75 as tax on it.

Then, the profit = 1875 – 75 – 1500

= Rs. 300

Then, the percentage of profit = 300 x 100/1500

= 20%

Hence, the answer is (3) 20%.