Question

a
shopkeeper
pays sales
tax of 12%
on
an article
whose
cost price is
Rs 500
He wants
to get 20% profit by
giving
а
discount
of 16%.
find
the selling price
of the article​

Answer 1

Answer:

Step-by-step explanation:

Sp=500*112/100*120/100=672

Answer 2

Given :-

• A shopkeeper pays sales tax of 12% on an article whose cost price is Rs 500.
• He wants to get 20% profit by giving а discount of 16%.

To Find :-

• The selling price of the article ?

Solution :-

Given that,

→ CP of article is = Rs.500

→ Shopkeeper pays tax = 12%

So,

→ After giving tax , he buys the article at = (500 * 112)/100 = Rs.560 .

Now,

→ CP of article = Rs.560

→ Profit = 20% .

So,

→ SP of article = {CP * (100 + Profit%)} / 100

→ SP = {560 * (100 + 20)} / 100

→ SP = (560 * 120)/100

→ SP = Rs.672 .

Now,

→ SP of article = Rs.672

→ Discount given = 16% .

Therefore,

→ MP of article = SP * 100 / (100 - Discount%)

→ MP = (672 * 100) / (100 - 16)

→ MP = (672 * 100) / 84

→ MP = Rs.800 (Ans.)

Hence, in order to get 20% profit after giving discount of 16% he must sell the article at Rs.800 .

Learn more :-

The cost price of 30 articles is equal to the

selling price of 25 articles. Find the loss or

gain percent.

https://brainly.in/question/15614092

Find the loss or gain as percent, if the c. p. Of 8 articles a, all of the same kind, is equal to s. p of 10 articles

https://brainly.in/question/15137698