An internet service provider company Century link marks up the cost price of a plan by 60 and offers...........

Quant (SSC) Profit and loss

An internet service provider company Century link marks up the cost price of a plan by 60% and offers a discount of 20%. He asks the customer to pay a service tax of 15% on the selling price. The customer refuses to pay the tax due to which the shopkeeper himself pays the service tax. Find his profit percentage

8.8%

22.5%

5.6%

10.5%

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Explanation:

Let the cost price of the plan be P
Marked price = 1.6 P
Selling price = 0.8 (1.6P) = 1.28 P
Service tax = 0.15(1.28P) = 0.192P
Profit % = (1.28P – 0.192P) – P /P × 100% = 8.8%