a water heater is sold by a trader for 10502 including GST at 18% and 11% profit .find the M.P of the water heater, profit and GST
Answers
Dear Student,
◆ Answer -
Marked price = 8900 Rs
Cost price = 8018 Rs
GST = 1602 Rs
Profit = 882 Rs
● Explaination -
Selling price of water heater is given ₹ 10502.
Marked price is calculated is -
Selling price = Marked price × (100+GST%)/100
10502 = Marked price × (100+18)/100
Marked price = 10502 × 100/118
Marked price = 10502 × 100/118
Marked price = 8900 Rs
GST is calculated as -
GST = Selling price - marked price
GST = 10502 - 8900
GST = 1602 Rs
Cost price of water heater is -
Marked price = Cost price(1+profit%)
8900 = Cost price × (100+11)/100
Cost price = 8900 × 100/111
Cost price = 8018 Rs
Profit is calculated as -
Profit = Marked price = Cost price
Profit = 8900 - 8018
Profit = 882 Rs
Thanks dear. Hope this helps you..
Answer:
Rs.1602
Step-by-step explanation:
let the marked price be Rs.x
Now,x+18x/100=10502
118x/100=10502
Marked price,x=Rs.8900