Question

Mr. X charges the price of his goods 20% above the purchase price but allows 10% discount actual his customers . thus , he earns a profit of Rs. 120. The actual purchase price is ?​

Answer 1

Answer:

$\huge\bf{Question}$

Mr. X charges the price of his goods 20% above the purchase price but allows 10% discount actual his customers . thus , he earns a profit of Rs. 120. The actual purchase price is ?

$\huge\underline\green{AnSweR:}$

Let The actual purchase price be C

Then,

Net selling price =

$= c(1 + \frac{20}{100} )(1 - \frac{10}{100} )$

$= c \times \frac{120}{100} \times \frac{90}{100}$

Profit = Net Selling Price - Actual Purchase Price

$120 = c \times \frac{120}{100} \times \frac{90}{100} - c$

$120 = \frac{27c}{25} - c = \frac{2c}{25}$

$c = \frac{120 \times 25}{2}$

$= 1500$

$\huge\bf{ThankYou}$

Answer 2

$\huge\red{\underline{{\boxed{\textbf{QUESTION}}}}}$

Mr. X charges the price of his goods 20% above the purchase price but allows 10% discount actual his customers . thus , he earns a profit of Rs. 120. The actual purchase price is ?

$\huge\red{\underline{{\boxed{\textbf{ANSWER}}}}}$

let’s assume that the GST is set at 20%. Suppose that the manufacturing cost of his product is Rs.100. Now, with a GST of 20%, the total amount is Rs. 120. The next step of taxation would be when the Product is sold to consumers, let’s assume, at a price of 150. So the GST will charge another 20% on just the difference of Rs. 150 and Rs. 120 i.e. only 20% on Rs. 30 which is equal to Rs. 6. So the final sale price for Mr. X will be Rs. 150 + Rs. 6.

__________________

HARSH PRATAP SINGH