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  1. A man purchased an article for Rs. 1500 and sold it at 25% above the cost price. If he has to pay Rs. 75 as tax on it, his net profit percentage will be :
    1. 20%
    2. 25%
    3. 30%
    4. 15%
Correct Option: A

Given that , Cost price of article = Rs. 1500

S.P. of article =
1500 × 125
= Rs. 1875
100

Net S.P. after paying tax = Rs. (1875 – 75) = Rs. 1800
∴ Profit = 1800 – 1500 = Rs. 300
∴ Profit percent =
300
× 100 = 20%
1500



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