Question

a shopkeeper marks the price of his goods 40% above the cost price and allows 20% discount if his purchase price of an item is 6000 how much should a customer pay it levying 13% vat​

Answer 1

Step-by-step explanation:

Cost Price =Rs.200

Shopkeeper Mark the price 40% above the cost price then

M.P=200+40%of200

⇒200+10040×200

⇒200+80=Rs.280

Discount=20%

Then Price after discount=280−20%of280

⇒280−10020×280

⇒280−56=Rs.224

Sales tax rate=10%

Then sales price=224+10%of224

⇒224+10010×224

⇒224+22.4=246.4∼Rs.246