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 142/7%. What is his actual profit percentage ?

A person wants to reduce the trade tax so he calculates his profit on

1.	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 142/7%. What is his actual profit percentage ?
A.	20 %
B.	16.66 %
C.	25 %
D.	data insufficient
Answer» C. 25 %

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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 142/7%. What is his actual profit percentage ?

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