Dinesh bought an article for Rs. 374, which included a discount of 15% on the marked price and a sales-tax of 10% on the reduced price. Find the marked price of the article.
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Answers
Let the marked price be Rs. 100.
Discount = 15% of Rs.100
Sale Price = Rs.100 - Rs.15
Sales-tax = 10% of Rs.85
Price paid by Dinesh for the article:
↪When Dinesh paid = Rs. 93.50
And, Marked Price = Rs.100
↪When Dinesh paid = Rs.1
And, Marked Price =
↪When Dinesh paid = Rs. 374
And, Marked Price Rs. =
- Hence, the marked price of the article is Rs.400
Here:
- Marked Price is also written as M.P.
Given:
Cost of one article = 374 which included a discount of 15% on the marked price and a sales-tax of 10% on the reduced price.
To Find:
The marked price of the article.
Solution:
Let marked price be Rs. x
Discount = 15%
Rate of Sales Tax = 10%.
Discount on Rs. x = 15% of x
= (15/100) x
= 15x/100.
Price after discount = x – 15x/100
= 85x/100.
Sales Tax = 10% of 85x/100
= (10/100)(85x/100)
= 85x/1000.
Price including sales tax = 85x/100 + 85x/1000
= 935x/1000.
As per question,
935x/1000 = Rs. 374
Or,
x = Rs. 374(1000/935)
= Rs. 400.
Hence, The marked price of the article is Rs.400