Allowing 20% discount on marked price and levying 13% the value of
the mobile becomes Rs.18080, find its marked price.
Answers
Step-by-step explanation:
MP = Rs. 2860
VAT = 8%
After VAT Selling Price = 8%Rs. 2860 + Rs. 2860 = Rs. 3088.80
Sale Price after a discount of 20% = Rs. 3088.80 - 20%(Rs. 3088.80) = Rs. 2471.04
Price before VAT is applied = 2860 - 20% = Rs. 2288
Let the Cost Price be x.
Since the overheads are 4%, the new CP will be 1.04x.
So, profit = 2,288 - 1.04x
profit % = begin mathsize 16px style fraction numerator left parenthesis 2288 minus 1.04 straight x right parenthesis over denominator 1.04 straight x end fraction equals 10 over 100 end style
begin mathsize 16px style rightwards double arrow 2 comma 288 space minus space 1.04 straight x space equals space 0.104 straight x
rightwards double arrow straight x equals fraction numerator 2 comma 288 over denominator 1.144 end fraction
rightwards double arrow straight x equals Rs. space 2000 end style
Hence, the Cost Price of the article is Rs. 2000 and the final Selling price including VAT will be Rs. 2471.04.
Answer:
Hey mate,............... here's your answer
Step-by-step explanation:
Let say Marked price of the Mobile = M Rs
Discount = 20 %
Discount = (20/100)M = 0.2M Rs
Price after Discount = M - 0.2M = Rs 0.8M
13 % Value added tax
=> VAT = (13/100) * 0.8M = 0.104M Rs
Value of Watch = 0.8M + 0.104M = 0.904M Rs
0.904M = 904
=> M = 1000
Marked Price of mobile = Rs 1000
I've given the example, you can solve it now