Question

Mr.agrawal bought a motorbike for rs 125000and fixed its price 20% above cost price.
then he allowed 10 % discount and sold to Mr. Gurung. how much did Mr.Gurung paid for it with 13% VAT?

Answer 1

Cost price for wholesaler 125000
    Marked price 125000+20/100 *125000=150000
                          
(ii) Discount 10% of 150000=15000
Cost price for retailer=  Marked price-  Discount
              125000-15000=110000                   
                                   
Cost price inclusive tax 110000+8/100*110000=118800
                                     
(iii) Cost price for wholesaler 110000
      Sale price for wholesaler 118800
      Profit for wholesaler 
             .8800
vat is 176

Answer 2

Hey mate here is your answer

marked price of motorbike = 125000
20% above cost is = 19000₹ nearly


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