arvind bought a dining table for rs 23850, this includes 6% sales tax, the shopkeeper has made a profit of 12.5% on his investment, if the shopkeeper has spent rs 1000 for polishing and transportation, what is the actual cost of the table
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Answered by
48
Let the actual cost of the table be Rs C.
cost incurred by the shopkeeper = Rs 1000.
Total cost for shopkeeper = C + 1000
Profit = 25%
Sale price without tax = (C + 1000) * (100+25)/100 = 5 * (C + 1000)/4
Sales tax = 5*(C + 1000)/4 * 6/100
total price paid by Arvind =
5 (C + 1000) /4 * 106/100 = Rs 23, 850
C + 1000 = 18000
C = Rs 17, 000
that is the actual cost
cost incurred by the shopkeeper = Rs 1000.
Total cost for shopkeeper = C + 1000
Profit = 25%
Sale price without tax = (C + 1000) * (100+25)/100 = 5 * (C + 1000)/4
Sales tax = 5*(C + 1000)/4 * 6/100
total price paid by Arvind =
5 (C + 1000) /4 * 106/100 = Rs 23, 850
C + 1000 = 18000
C = Rs 17, 000
that is the actual cost
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Answered by
2
Answer:
19126.582
Step-by-step explanation:
Let Actual Cost = x
Extra investment = 1000
So total investment by the shopkeeper = (x+1000)
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