Question

A shopkeeper marks his goods 40% above the cost price and then allows discount of 20% find how much will a customer pay for an article which costs the shopkeeper Rs. 200 and a sales tax of 10% is levied on the sale price of the article. (Give your answer correct to the nearest rupee).

Answer 1

Cost price = Rs. 200
Marked price = Rs. 200 + 40% of Rs. 200
= Rs.200 + Rs. 80 = Rs. 280
Discount = 20%
Sale price`=280 (1-20/100)`
                = 280 × 4/5
Rate of sales tax = 10%
Price for customer = 224 + 10% of 224
                              = 224 + (10/100) x 224
                             = 224 + 22.4
                             = 246.4
                             = 246 (Approx)