Multiple Choice Questions on A person wants to reduce the trade tax so he calculates his profit on the sale price instead of on t........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

A person wants to reduce the trade tax so he calculates his profit on the sale price instead of on t...........

Quantitative Aptitude ( CCS) Profit and loss
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    A person wants to reduce the trade tax so he calculates his profit on the sale price instead of on the cost price. In this way by selling a article for Rs. 280 he calculates his profit as 14(2/7)%. What is his actual profit percentage ?

    20.12%

    Incorrect Answer

    16.66%

    Correct Answer

    15.66%

    Incorrect Answer

    22.21%

    Incorrect Answer
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    Explanation:

    Solution:
    CP ————-SP
    240…..(- 14 2/7)……280
    Actual profit% = (40/240)*100 = 16.66%

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