Question

a retailer buys an article at a discount of 15% on the printed price from a wholesaler. he marks of the price by 10%. due to competition in the market he allows a discount of 5% to a buyer. if the buyer pays rupees 451. 44 for the article inclusive of Sales Tax under VAT at 8% find the printed price of the article and the profit percent of the retailer

Answer 1

please check and revert if ok,

Answer 2

Answer:

The printed price of the article is Rs.440 and the profit percent of the retailer is 23%.

Given: SP = 451. 44

CP before VAT =  $\frac{451.44 \times 100}{108}=418$

CP is 418 after 5 % discount on the price

CP =  $\frac{418 \times 100}{95}=440$

CP is 440 after assigning 10% markup price on printed price

CP =  $\frac{440 \times 100}{110}=400$

Printed price = 400

15% discount was given on printed price

CP =  $\frac{400 \times 85}{100}=340$

CP of retailer = 340

Profit % =  $\frac{418-340}{340} \times 100=\bold{23 \%}$