Question

A shopkeeper marked the price of an article a certain percent above the cost price and he allowed 16%discount to make 5%profit. If a costumer paid Rs9482 with 13%vat to buy the article,by what percent is the marked price is above the cost price

Answer 1

Answer:

Let a certain percent be x%

Then,

S.P,=S.P+VAT%of s.p

=S.p+13÷100×s.p.

9492=(100s.p+13s.p)÷100

949200=113s.p

S.p.=Rs.8400

Again,

P%=(p÷c.p)×100%

5={(s.p.-c.p)÷c.p}×100 where (p=s.p-c.p)

5c.p.=840000-100c.p

105c.p.=840000

°:*c.p.=Rs.8000

Similarly,from Question

M.P=c.p.+x%ofc.p.

=8000+(x÷100)×8000

=8000+80x

Similarly,

S.P.=M.P.-d%of m.p.

8400=(8000+80x)-{16÷100(8000+80x)}

840000-67200=6720x

(168000÷6720)=x

#*x=25%