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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% |
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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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