Question

after allowing 10% discount on the marked price of a cycle 13% vat was levied and sold it if the difference between the selling price with vat and selling price after discount is rs 585 find the marked price of that cycle​

Answer 1

Answer:

The market price of a chair was Rs. 1200. This price was 20% above the cost price. It was sold at a discount of 10% on the marked price. Find the profit percent.

A. 6 % B. 4 % C. 8 % D. 5 %

Here in this question, we are given the market price which is 20% more than the cost price. Also, profit is always calculated on the cost price. Thus, we need to find the cost price first and then compare it to find the profit percentage. As marked price is 20% more than the cost price, CP = 20% of x + x = 1200 => 120x/100 = 1200 => x = (1200 x 100)/120 => x = Rs. 1000. So, the cost price is Rs. 100.

Now, a 10% discount is given on the market price and this will be our selling price. So, selling price = 1200 – 10% of 1200 => 1200 – 120 => Rs. 1080. So, the selling price is Rs. 1080. Thus, profit will be Rs. 1080 – Rs. 1000 = Rs. 80. So, profit percentage = 80/100 x 1000 => 8%. Thus, the correct answer is C.

Answer 2

Answer:

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