Question

23. A whole-seller allows a discount of 25% on the list
price to a retailer. The retailer sells at 10% discount
on the list price. If the customer paid * 54 for an
article, what is the profit by the retailer?
(a) 12
(b) 9
(c) 5
(d) 8
Please solve the question with an explanation

Answer 1

Answer:

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Step-by-step explanation:

The amount paid by retailer

List Price=Rs.2500

Discount rate=20%

Discount=20% of 2500=

100

20

×2500=Rs.500

Then the price of the article after discount=2500−500=Rs.2000

Rate of sales tax=10%

∴Tax paid by the retailer=10% of 2000

⇒

100

10

×2000=Rs.200

∴ retailer pay the amount to the wholeseller=2000+200=Rs.2200

(ii)VAT paid by the retailer

Retailer sell the article to customer at list price=Rs.2500

Rate of sales tax=10%

∴ Tax paid by the customer=10% of 2500

⇒

100

10

×2500=Rs.250

VAT=Tax paid by the customer-Tax paid by the retailer

VAT=250−200=Rs.50