Question

a shopkeeper buys an article whose list price is 800 at some rate of discount from a wholesaler.he sells the article to a consumer at the list price and charges sales tax at the prescribed rate of 7•5% .if the shopkeeper has to pay VAT of rs 6 .find the rate of discount at which he bought the article from the wholesaler​

Answer 1

Sorry can't find out your answer find in Google

Answer 2

The rate of discount at which the shopkeeper bought the article from the wholesaler is Rs. 80.

Step-by-step explanation:

Step 1:

The list price of the article = Rs. 800

Let the discount at which the shopkeeper buys the article from the wholesaler be “x”.

So, the cost price of the article = Rs. (800 - x)

It is given that the shopkeeper sells the article at the list price i.e.,

The S.P. of the article now will be = Rs. 800

Therefore, we get

Profit = SP – CP = 800 - (800 - x)  = Rs. x

Hence the profit = discount = Rs. x …. (i)

Step 2:

Also given,

The prescribed rate of sales tax = 7.5%

The VAT paid by the shopkeeper= Rs. 6

From eq. (i), we can conclude that the VAT paid by him must be equal to the rate of sales tax i.e.,

$\frac{7.5}{100}$ * x = 6

⇒ x = $\frac{6}{0.075}$

⇒ x = $\frac{6000}{75}$

⇒ x = Rs. 80

Thus, the rate of discount at which the shopkeeper got from the wholesaler is Rs. 80.

----------------------------------------------------------------------------------------------------

Also View:

A retailers buy a TV from a wholesaler for 40000 rupees he marks the price of the TV 15% above his cost price and sells it to a consumer at 5% discount on the marked price if the sales are intra sales and the rate of GST is 12% (i) find the marked price of the TV (ii) the amount which consumer pays for the TV (iii) the amount of Tax (under GST) paid by the retailer to the central government (iii) the amount of Tax (under GST) received by the state government ?

https://brainly.in/question/9599726

A wholesaler allows a discount of 20 % on the list price of an article to a retailer. The retailer sells it at a 5% discount on the list price . If the customer pays rs 38 for the article what is the retailer's profit ?

https://brainly.in/question/902358