Question

Joey buys an article at a rebate of $30\%$ on the printed price. He spends ₹ 40 on transportation of the article. After charging sales tax at the rate of $7\%$ on the printed price, he sells the article for ₹ 856.Find his profit percentage.

• A. 35%
• B. 52%
• C. 48%
• D. 38%

Answer 1

The correct option is D

38%

Let the printed price be x.

After rebate of $30\%$, C.P of article = 0.7x

Total investment on the article = (0.7x + 40)

Rate of Sales tax = 7 %

Given that x + 0.07x = ₹ 856

x = ₹ 800

So, C.P = 0.7 $\times$ 800 + 40 =₹ 600

Profit = ₹ (800 - 600) = ₹ 200

So, profit%= $\left(\frac{200}{600}\right)$ $\times$ $100\%$ = $33.33\%$