Rana makes a 40% profit by selling his home, but loses 12% of the profit to taxes. What is the net percentage of profit Rana makes on the sale?

A 2.8%

B 4.8%

C 25.2%

D 35.2%

Solution

Correct Answer: Option D

suppose, buying price of house 100 tk at 40% profit, selling price of house=(100+40)=140 tk so, profit=(140-100)=40 tk if 12% tax , then tax= 40 x 12/100=4.8 tk so,net profit= (40-4.8)=35.2

Rana makes a 40% profit by selling his home, but loses 12% of the profit to taxes. What is the net percentage of profit Rana makes on the sale?

Solution

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