Question

A retailer purchases an imported product and adds 100% mark up to its cost price. The cost price of the product is Rs 60. A customer purchases this product against bill by paying 15% Tax. What is the purchase price paid by the customer, inclusive of Tax?
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Answer 1

Step-by-step explanation:

Cost price for consumer=60+60=Rs 120

Tax=15% of 120

=15/100×120

=15×1.2

=Rs 18

Price paid by constumer=120+18=Rs 138.