BANK IBPS RRB Clerk 2025 Mock Test Series (Pre + Mains) Quantitative Aptitude Profit and Loss Sales Tax
On sales of an article, Vendor earns a 20% profit. If the government charges 5% as sales tax on the selling price which the vendor has to pay to the government. If a dishonest Vendor does not pay the tax to the government, what is the net profit earned by the vendor?
1
13%
2
18%
3
23%
4
26%
5
none of these