Question

a retailer allows15% discount on the marked price of an electric fan if a coustomer pays rs 2244 with 10% vat find the marked price of fan

Answer 1

Answer:

2400

Step-by-step explanation:

Discount will be given on MRP

(100-Discount)*MRP=SP

Customer paid 2244 with VAT 10%

VAT is imposed on CP

Let CP is 100% VAT is 110%

(100-15)%*110%*MRP=2244

by solving we get MRP=2400

Answer 2

Here,

discount% = 15%

s. p with VAT =2244

VAT% = 10%

s. p without VAT = let x

marked price(M.p) = ?

by using formula

s. p with VAT = sp.+VAT%of sp

2244 = x+x(10/100)

or, 2244 = (100x +10x) /100

or, 2244×100 = 110x

or, 224400/110= x

or, x = 2040

so ,s. p without VAT is Rs. 2040.

Again,

by using formula .

s. p without VAT = mp. (1 - discount%)

or, 2040 = mp(1 - 15/100)

or, 2040 = mp(100-15)/100

or, 2040×100 = 0.85mp

or, 204000/0.85 = mp

or, mp =Rs.24,00

so,the market price be Rs. 2400