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:

  1. 30%
  2. 15%
  3. 20%
  4. 25%
Monis Rasool Professor Asked on 20th November 2015 in Maths.
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1 Answer(s)

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%. 

Anurag Mishra Professor Answered on 21st November 2015.
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