Question

A trader buys an unfinished article for 1800 rupees and spends 600 rupees on its finishing, packing, transportation , etc he marks the article at such a price that Will give him 20% profit how much will customer pay for the article including 12% sales tax​

Answer 1

Answer:

`C.P of the article=1800+600=Rs.2400

Profit=20%

∴S.P=

100

100+profit%

×2400

⇒

100

100+20

×2400

⇒Rs.2880

Then M.P=Rs.2880

Sales tax rate=12%

Then customer will pay=2880+12%of2880

⇒2880+

100

12

×2880

⇒2880+345.6=Rs.3225.60