Question

Rohit purchased an article for$Rs.6,500$ and sold it at $30\%$ above the cost price. If the selling price includes $Rs.225$ as tax, find his net profit and profit percentage.

Answer 1

Given original cost price be $=Rs6,500$
After selling the article at $30$ %, the price becomes $1.30\times 6,500=Rs8,450$
Given, $S.P.=8,450-225=Rs8,225$ (Since tax is included in the SP)
Hence, $Profit=Rs8,225-Rs6,500=Rs1,725$
So Profit $\%$ $=\frac{S.P-C.P.}{C.P.}\times 100=\frac{1,725}{6,500}\times 100=26\frac{7}{13}\%$ =$26.54$%