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An object is sold at a profit of 50% and tax levied is 4%. What is the net profit?
Question

An object is sold at a profit of 50% and tax levied is 4%. What is the net profit?

A.

40%

B.

56%

C.

36%

D.

44%

Correct option is D

Given:

Profit = 50%

Tax levied = 4%

Formula used:

Profit = SP – CP

Calculation:

Let CP of the object be Rs. 100

=> SP of the object = 100 × 150100\frac{150}{100}  = Rs. 150

Price of the object after levied tax = Rs. 150 ×96100\frac{96}{100}​= Rs. 144

=> Profit = Rs. 144 – Rs. 100 = 44

∴ Profit percent = 44100\frac{44}{100}​ × 100 = 44%

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