A retailer buys a TV from a manufacture for Rs. 25000. He marks
the price of the TV 20% above his cost price and sells it to a
customer at 10% discount on the marked price. If the sales are intra –
state and rate of GST is 12% , find :
i) The marked price of the TV.
ii) Customer’s is cost price of TV inclusive of tax ( under GST ) .
iii) GST paid by the retailer to the control and state Goverments.
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Step-by-step explanation:
Profit 100
C.P.
50 100
200
×
=
×
= 25%
Illustration 3: Anu bought a necklace for `750 and
sold it for `675. Find her percentage of loss.
Solution: Here, C.P. = `750, S.P. = `675.
Loss = C.P. - S.P. = 750 - 675 = `75.
∴ Loss % =
Loss 100
C.P.
7 100
750
×
=
5 ×
= 10%
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