a trader buys an article for rs1700,at a discount of 15% in it's printed price.he raises the printed price of the article by 20% and then sells it for rs 2688 including sales tax on the new market price.find the rate of sales tax( 2.) the traders profit as percent
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Original price = 100%
1700 is 85% so, now we know 2000 is the printed price.
20% increase = 2400 is new printed price.
Tax = 2688-2400 = 288.
Rate of sales tax = 12%.
Traders profit = (2400 -1700) × 100 ÷ 1700 = 700 ÷ 17 or 41.18%
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