Question

Tarun bought an article for ₹ 8,000 and spent Rs 1,000 on its transportation. He marked the article at Rs 11,700 and sold it to a customer. If the customer had to pay 10% sales tax, find:

1) The customer’s price

2) Tarun’s profit per cent.

Answer 1

Purchase price for = Rs 8,000

Expense on transportation = Rs 1,000

Cost price for Tarun = Rs 8,000 + Rs 1,000 = Rs 9,000

Marked price by Tarun = Rs 11,700

Sales tax charged by tarun = 10% of  11700

`= 10/100 xx 11700`

The customer's price = Rs 11700 + Rs 1170 = Rs 12870

Profit made by Tarun = Rs 11700 - Rs 9000 = Rs 2700

Profit% = `"Profit"/"cost price" xx 100`

`= 2700/9000 xx 100`

= 30

Tarun profit is 30%