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?

1)20%

2)16.66%

3)25%

4)data insufficient


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    16.66%

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  • Exam: Profit and Loss QUESTIONS





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