Question

a shopkeeper buys a washing machine at a rebate of 30%on the printed price.he spends rs 400 on transpirtation.after chargingsales tax of 7% on the printed price,he sells it for rs.36000.find his profit/loss%.

Answer 1

Let the printed price of the article be Rs.x. 
Sales tax = 7% of Rs.x = (7/100) × Rs.x = Rs.7x/100. 
Selling price = Rs.x + Rs.7x/100 = Rs.107x/100. 
As per question, 107x/100 = 36000 or x = (36000 × 100)/107 = . 33645 (Approx.)
Hence, printed price = Rs.33645. 
Rebate = 30% of Rs.33645 = (30/100) × Rs.33645 = Rs. 10093.5
Cost price of the article = Rs.36000 – Rs.10093.5 = Rs.25906.5. 
Overhead = cost of transportation = Rs.400. 
Actual cost price = Rs 25906.5 + Rs.400 = Rs.26306.5. 
Profit = Printed price – Actual cost price = Rs.36000 – Rs.26306.5 = Rs.9693.5. 
Profit percent = (profit/cost price) × 100% = (9693.5/36000) × 100 
= 26.93%. (Answer)

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