Advertisements
Advertisements
Question
A shopkeeper buys an article whose list price is ₹ 800 at some rate of discount from a wholesaler. He sells the article to a consumer at the list price and charges sales tax at the prescribed rate of 7.5%. If the shopkeeper has to pay a VAT of ₹ 6, find the rate of discount at which he bought the article from the wholesaler.
Solution
List price (MP) of an article = ₹ 800
S.P. of the shopkeeper = ₹ 800
Rate of VAT = 7.5%
Total VAT
= ₹ `(800 xx 7.5)/(100)`
= ₹ 60
VAT paid by the shopkeeper = ₹ 6
VAT paid by the wholeseller
= ₹ 60 – ₹ 6
= ₹ 54
Rate of VAT = 7.5%
S.P. of wholeseller
= `(54 xx 100)/(7.5)`
= `(54 xx 10 xx 100)/(75)`
= ₹720
Total discount
= ₹800 - ₹720
= ₹80
Rate of discount
= `(80 xx 100)/(800)`
= 10%.
APPEARS IN
RELATED QUESTIONS
If selling price = ₹ 900. Discount is 20%, then find the marked price.
A shopkeeper sells his goods at 80% of their cost price. Find the percent gain or losses?
An article is marked for Rs. 1,300 and is sold for Rs. 1,144; find the discount percent.
Find the amount paid by a customer when he buys a watch priced at Rs. 5400 available at a discount of 12%.
A tradesman sells his goods at 10% discount. What Price should he mark on an article that costs him Rs. 2400, to gain 12.5%?
A shopkeeper allows 20% discount on his article. What price must he mark on an article, which costs him Rs.1750, to make a profit of 20%?
Gurmeet sells an article priced at Rs. 25,000. He gives a discount of 8% on the first Rs. 20,000 and 5% on the remaining amount. Manjeet also sells another article of the same kind priced at Rs. 25,000. He gives a discount of 6% on the total price. Calculate the actual price charged by Gurmeet and Manjeet for the articles.
Find the S.P. in the following :
M.P. = Rs.850, Discount = 16%
Find the discount percentage in the following :
M.P. = Rs.1960, S.P. = Rs.1176
A retailer buys a washing machine marked at Rs.4800 and gets two successive discounts of 15% and 5%. He spends Rs.124 on transportation and sells it at a gain of 13%. Find the selling price of the machine.
