7. The marked price of a jacket is Rs 2500. If the shopkeeper allows certain discount and sells it for Rs 2260 with 13% value added tax, what is the rate of discount?
A 20%
B 15%
C 13%
D 10%
Answers
Answer:
C IS CORRCET
Step-by-step explanation:
Answer:
C is the answer
Step-by-step explanation:
Discount is a reduction given on marked price.
Discount = Marked Price – Sale Price (S.P.)
Discount can be calculated when a discount percentage is given.
Discount = Discount % of Marked Price
Additional expenses made after buying an article are included in the cost price and are known as overhead expenses.
cost price = buying price + overhead expenses
Sales Tax is charged on the sale of an item by the government and is added to the Bill Amount.
Sales tax = Tax% of sale amount.
These days, however, the selling prices (known as MRP) include the tax known as VAT (Value Added Tax).
The interest compounded annually is the interest calculated on the previous year’s amount A, (A = P + I).