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 × = Rs. 150
Price of the object after levied tax = Rs. 150 ×= Rs. 144
=> Profit = Rs. 144 – Rs. 100 = 44
∴ Profit percent = × 100 = 44%