Question 39

An Object is sold at a profit of 50% and tax levied is 4%. What is the net profit ?


Let say , cost price= x.

So, Selling price= 1.5x.

So, after tax selling price=( 0.96×1.5x)=1.44x.

So, net profit= (1.44x-x)/x=44 %.

A is correct choice.

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