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Ashok sold an article, whose cost price ...

Ashok sold an article, whose cost price is Rs. 300, for Rs. 351 including sales tax @8%. Find his profit percentage.

A

`13(1)/(3)%`

B

`8(1)/(3)%`

C

`16(2)/(3)%`

D

`10(2)/(3)%`

Text Solution

Verified by Experts

The correct Answer is:
B
Let the list price be Rs.x.
Sales tax (in Rs.) `=(8)/(100)x=(2)/(25)x`.
Selling price including sales tax (in Rs.)
`=(27)/(25)x`.
`(27)/(25)x=351`
`(x)/(25)=13`
x=325
Profit percentage `=(325-300)/(300)(100)%=8(1)/(3)%`.
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