Advertisements
Advertisements
Question
A shopkeeper marked the list price of a mobile phone 16% above his cost price. Sales tax on the mobile was charged at 12%. Rahul paid Rs 29,232 for the mobile. Find the cost price of the mobile.
Solution
Let x be the cost price.
List Price = x + 16 % of x = Rs x + `16/100 xx x = "Rs" (116 x)/100`
Sales tax = 12 % of the list price.
=`12/100 xx "Rs" (116 x)/100`
= Rs `(1392 x)/10000`
Therefore, total cost of mobile = list price + sales tax
= Rs `(116 x)/100 + (1392 x)/10000`
= Rs `(12992 x)/10000`
But, total price =Rs 29,232
⇒ `(12992 x)/10000` = Rs 29232
⇒ x = Rs `(29232 xx 10000)/12992`
⇒ x = Rs 22, 500
Hence, the cost price of the mobile =Rs 22,500
APPEARS IN
RELATED QUESTIONS
A shopkeeper marks the price of a dress material 10% above his cost price and levies a sales tax of 8% on it. If a customer has to pay Rs 2,970 for the dress material, find the cost price of the dress material.
The cost of manufacturing a motorcycle for the Hero Honda company is Rs 30,000. The company sells its motorcycle to its distributors. The distributor sells it to a retailer who then sells it to a customer. If the profit made by each of them is Rs 5,000 and VAT is levied at 12%, find the total tax paid to the government and the amount paid by the customer for the motorcycle.
The price of a washing machine inclusive of sale tax is Rs. 13,530. If the sale tax is 10% find its basic price.
Samir bought the following articles from a departmental store:
| Item | Quantity | Rate per Item (₹) | Rate of tax (Sale) |
| Shirts | 4 | 200·00 | 8% |
| Pair of shoe | 2 | 350·00 | 10% |
| Television | 1 | 10900·00 | 10% |
| Tea set | 1 | 750·00 | 8% |
Calculate the total bill paid, including sales tax, by samir to the department store.
A wholesaler buys a computer from a manufacturer for ₹ 40000. He marks the price of the computer 20% above his cost price and sells it to a retailer at a discount of 10% on the marked price. The retailer sells the computer to a consumer at the marked price. If the rate of sales tax (under VAT) is 10% at every stage, then choose the correct answer from the given four options
The marked price of the computer is
