Question

A retailer buys an article at a discount of 15% on the printed price from a wholesaler. He marks up the price by 10% on the printed price but due to competition in the market, he allows a discount of 5% on the marked price to a buyer. If the rate of GST is 12% and the buyer pays 468-16' for the article inclusive of tax (under GST), find :
(i) the printed price of the article.
(ii) the profit percentage of the retailer.
__
• Goods and Services Tax​

Answer 1

Answer:

A retailer buys an article at a discount of 15% he marks up the price by 10% on the printed price but due to comepetition he allows a discount of 5% to a customer if the rate of GST is 12% and the buyer pays Rs468.

Answer 2

Answer:

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