Question

After allowing 20% discount on the marded price of a mobile 10% VAT was levied and sold it. If the difference between the selling price with VAT and selling price after discount is Rs 1800, find the marked price of the mobile.

Answer 1

→

Marked Price =Rs.2860

Vat =8%

∴S.P=M.P(1+

100

vat%

)

=2860(1+

100

8

)

=Rs.3088.8

Discount =20%

∴ Actual SP=3088.8(1−

100

20

)

=2471.04

Now,

Price without vat =2860(1−

100

20

)

=2288

Let the cost price be

′

X

′

Overheads =4%

∴NetC.P=X(1+

100

4

)

=1.04X

Profit%=(

C.P

S.P−C.P

)×100%

ATP,

10=

1.04X

2288−1.04X

×100

⇒10.4X=228800−104X

⇒114X=228800

⇒X=2000