Question

Mukul bought TV said for rupees 11000 and sold it at a bill amount 13068 which includes VAT 8 percent . find its profit or loss percent.

Answer 1

CP = 11000rs
Selling Price + 8% VAT = 13068
                               SP = 12100rs

Gain = SP-CP 
         =12100-11000
          =1100rs
Gain % = 1100/11000 x 100
 Profit   =10%

Answer 2

Answer:

Profit % is 10.8%.

Step-by-step explanation:

Given : Mukul bought TV said for rupees 11000 and sold it at a bill amount 13068 which includes VAT 8 percent .

To Find:  Its profit or loss percent.

Solution:            

C.P. = Rs.11000

Selling Price + 8% VAT = Rs.13068

So, S.P. = 13068-8%

           = $13068-8\% \times C.P.$

           = $13068-8\% \times 11000.$

           = $12188$

Profit = SP-CP  

        =12188-11000

         =1188

Gain % = $\frac{Profit}{C.P.}\times 100$

          = $\frac{1188}{11000}\times 100$

          = $10.8\%$

Hence profit % is 10.8%.