Math, asked by RAJPARANK, 1 year ago

Mukund bought a TV Set for Rs. 11,000 and sold it at a bill amount of Rs. 13,068 which includes 8% vat. Find his profit or loss?

Answers

Answered by shaurjendra

he has made a profit of Rs.1188

RAJPARANK: i would be grateful if you please explain in detail.

shaurjendra: see he has to give 8% vat which will be calculated upon 11000 and it comes to br Rs 880. so out of 13068 he has to give Rs 880 as vat which will not be counted as his own profit so the remaining( 13068-880 = 12188) is his SP so net profit is 11000-12188=1188

shaurjendra: *be

RAJPARANK: Thank you so much.........

Answered by JackelineCasarez

Answer:

The Profit is Rs 1022.56 .

Step-by-step explanation:

As given

Mukund bought a TV Set for Rs. 11,000 and sold it at a bill amount of Rs. 13,068 which includes 8% vat.

8% is written in the decimal form.

$= \frac{8}{100}$

= 0.08

Vat price = 0.08 × Rs 13068

= Rs 1045.44

Selling price = Selling price with vat - vat Price

= Rs. 13068 - Rs 1045.44

= Rs 12022.56

As the selling price is greater than the cost price .

Thus

Profit = Selling price - cost price

= Rs 12022.56 - Rs 11000

= Rs 1022.56

Therefore the Profit is Rs 1022.56 .

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