Question

A wholesaler buys a clock from a manufacturer for ₹ 4,000. He marks the price of the clock 25% above his cost price and sells it to a retailer at a 10% discount on the marked price. If the rate of GST is 18%, find

Answer 1

Answer:

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Step-by-step explanation:

Since we have given that

Marked price = Rs. 4000

Price of clock is 25% more than his cost price,

So, new price becomes

Discount % = 10%

So, amount of discount becomes,

New price becomes

Rate of GST = 10%

So, it becomes,

So, Cost including tax becomes

Hence, the required price is Rs. 4950.