(i) A trader buys an article for Rs. 1700 at a discount of 15% on its printed price. He raises the printed price of the article by 20% and then sells it for Rs. 2,688 including sales tax on the new marked price. Find:
(i) the rate of sales tax
(ii) the trader profit as per cent.
2. A shokeeper buys an article for Rs. 2400 from a wholesaler at 20% rebate on its list price. He marks up the list price of the article bought by 10% and then sells it for Rs. 3498 including sales tax on the marked up price. Find:
(i) the rate of sales tax
(ii) the shopkeeper's profit as percent
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Mp=1700*100/85=2000
new mp=2000*120/100=2400
st=288
%st=2400*x%/100=288
=12
p%=700/1700*100=41.17%
2.mp=2400*100/80=3000
new mp=3000*110/100=3300
st%=3300*x%/100=198=6%
p%=900/2400*100=37.5%
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