Question

A TV set is purchased for 4,000 and sold at a profit of 5%. If a customer pays GST at the rate of 12%,
how much does the customer pay in all for the TV set?​

Answer 1

Q

A TV set is purchased for 4,000 and sold at a profit of 5%. If a customer pays GST at the rate of 12%,

A TV set is purchased for 4,000 and sold at a profit of 5%. If a customer pays GST at the rate of 12%,how much does the customer pay in all for the TV set?

Answer 2

Profit= 5/100* 4000=200
So SP= 4200
Gst = 4200*12/100= 504
Final amount = 4200+ 504= 4704