A shopkeeper gives 10% discount on printed price of an articles. Then he applies 5% GST on
Reduced price . How much amount is payable by custmer. Take printed price as input.
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Answer:
Let marked price of each article was Rs. 100
After giving 10% on MP, SP of each article becomes Rs. 90
Then,
SP of 24 articles =20×90= Rs. 1800 ...[ 4 articles are given free of cost on buying 20. ]
Now, shopkeeper earns 25% profit on CP means,
CP+25%ofCP=SP
[CP+
100
25CP
]=SP
100
[100CP+25CP]
=1800
125CP=180000
CP=Rs.1440
CP of one article =
24
1440
=Rs.60
Now, % MP above CP =
100
60
40
=66.66%=66(2/3)%
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