Question 134

A man purchased an article for ₹1500 and sold it at 25% above the cost price. If he has to pay ₹75 as tax on it, his net profit percentage will be:

Solution

Cost price = Rs. 1500

Markup % = 25%

=> Selling price = $$1500+(\frac{25}{100}\times1500)$$

= $$1500+375=Rs.$$ $$1875$$

Total cost price (including tax) = $$1500+75=Rs.$$ $$1575$$

$$\therefore$$ Profit % = $$\frac{(1875-1575)}{1575}\times100$$

= $$\frac{300}{15.75}\approx 20\%$$

=> Ans - (D)

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