Question

ashu bought an article for rs.240 and sold it at a bill amount of rs.316.80 which includes 10% vat find his profit and loss

Answer 1

Answer:

20% profit

Step-by-step explanation:

Let SP without vat = x

10% vat = (10/100)x = 0.1x

SP with vat = x + 0.1x = 1.1x

1.1x = 316.8

x = 316.8/1.1

x = 288

Profit = 288-240 = 48

Profit % = (48/240)*100 = 20%