Profit and loss

Quantitative Aptitude (CHSL)

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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%

16.66%

15.66%

22.21%

Explanation:

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

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