1.

A woman buy the ball for Rs. 1500 and sold it at 25% above the cost price. If she has to pay Rs. 75 as the tax on it, then what will be her net profit percentage?1. 20%2. 25%3. 30%4. 15%

Answer» Correct Answer - Option 1 : 20%

Given:

Cost price of ball is Rs. 1500

Selling price of ball is 25% above the CP

Formula Used:

Profit percentage = {(SP – CP)/CP} × 100

Calculation:

SP of ball = Rs. (1500 × 125/100) = Rs. 1875

Net SP after paying tax = Rs. (1875 – 75) = Rs. 1800

Profit = Rs. (1800 – 1500) = Rs. 300

Profit percentage = 300/1500 × 100 = 20%

∴ Profit% is 20%


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