Question

After getting 10% discount a customer paid Rs 2,034 with 13% VAT to buy a bag from a retailer. If the retailer made a profit of 20%, by how many percent did he mark the price of the above the cost price​

Answer 1

Answer:

33.33%

Step-by-step explanation:

customer paid Rs. 2034 after getting 10% discount & including 13% vat on marked price (m.p.).

hence:-

2034 = m.p. × 90/100 × 113/100

m.p. = Rs.2000

because VAT (which is 13% in this case) is not the profit of the retailer.

therefore the selling price (s.p.) of the bag = m.p. × 90/100

s.p. = 2000 × 90/100

s.p. = Rs. 1800

retailer made the profit of 20% (given).

therefore:-

c.p. × 120/100 = s.p.

c.p.= s.p. × 100/120

c.p.= 1800 × 100/120

c.p. = Rs.1500

the percentage did he mark the price of the above the c.p.

m.p. - c.p.

= -------------------- × 100

c.p.

500

= ------------------ × 100

1500

= 33.33% it's your answer.