Question

(c) Mohan bought an article for * 6000 and spent 1000 for finishing on that article. By mistake, he marked
the article at * 6500 and sold it to a customer. If the rate of GST is 5% on this item. Find
(i) the customer's price.
(ii) Mohan's loss percent ​

Answer 1

Answer:

1) total GST = 5%of 6500

5/100×6500

=₹325

∴Customers price=6500+325

=₹6825

Step-by-step explanation:

2). loss percent=loss/ cp ×100

7×1/7%

Answer 2

Before, finding the answer. Let's find out how we can find the answer.

• First, we must add the cost price of the article to the spending price to find the total cost price.
• Next, we must find the GST amount. To find that, we must use the formula of :

$\sf GST = Marked \: Price \times \dfrac{Percent}{100}$

• Now, to find the customer's price we must add the Marked Price and GST.
• And to find the Loss Percent, we must use the formula of :

$\sf Loss = \dfrac{Loss}{C.P} \times 100$

Given :

• Cost price = Rs. 6000
• Spent = Rs. 1000
• Selling Price = Rs. 6500
• GST = 5%

To find :

• the customer's price.
• Mohan's loss percent ​

Solution :

(i) the customer's price :

Total Cost Price = Cost Price + Spending Price

                           = 6000 + 1000

                           = 7000

$\sf GST = Marked \: Price \times \dfrac{Percent}{100}$

       $\sf = 6500 \times \dfrac{5}{100}$

       $\sf = \dfrac{32500}{100}$

       $\sf = 325$

Now,

Customer's Price = Marked Price + GST

                             = 6500 + 325

                             = 6825

Hence, Customer's Price is Rs. 6825.

(ii) Mohan's loss percent ​:

Since C.P > S.P. Here it is a loss.

Loss = C.P - S.P

        = 7000 - 6500

        = 500

$\sf Loss \: Percent = \dfrac{Loss}{C.P} \times 100$

                  $\sf = \dfrac{500}{7000} \times 100$

                   $\sf = \dfrac{50000}{7000}$

                    $\sf = 7.14 \%$

Therefore, Mohan's Loss is of 7.14 %.