Question

Q

Answer 1

(i) Let the cost price of an article (excluding tax) to the first dealer br Rs. x.
Now, C.P. of an article to a dealer including tax (8%) = Rs. 40500
⇒ x + 8% × x = 40500
⇒ `108/100` x = 40500
⇒ x = 37500

Thus, the cpst of an article to the first dealer is Rs. 37500

(ii) Now, tax received by Government
= 8% of Rs. (42500 - 3000)
= 8% of Rs. 45500
= `8/100` × Rs. 45500
= Rs. 3640

(iii) The amount that a customer pays for the article
= Rs. (42500 + 3000 + 3640)
= Rs. 49140