Name.
1. a) A person purchased an article for Rs 25488 which includes 10% rebate on the
list price and 18% GST on the remaining. Find the list price of the article.
Answers
Answer:
Step-by-step explanation:
Given; Selling Price of the article (S.P) = Rs. 5310
Let the Marked Price (M.P) of the article = x
Rebate: a partial refund to someone who has paid too much money for tax, rent, or a utility.
Given rebate = 10% of M.P
The rebate on the article = (10/100)x = (10x/100)
Price of the article after rebate = M.P - rebate
= x - (10x/100)
= (100x - 10x)/100
= 90x/100
= 0.9x
Tax is applied on the article price after the rebate.
Tax = 18% of (Price after rebate)
= (18/100) * 0.9x
= 0.18 * 0.9x
= 0.162x
The Selling Price (S.P) of the article = Price of the article after rebate + Taxes applicable
= 0.9x + 0.162x
= 1.062x
Given S.P = 5310
=> 1.062x = 5310
x = 5310/1.062
x = Rs 5000
Therefore, the M.P of the article = Rs 5000
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amitnrw avatar
rebate would be minused from marked price , not to be added
amitnrw avatar
1262 would be than 1062 and marked price = Rs 5000
Answer
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shubhamjoshi033
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Answer:
The Marked price of the article is Rs 5000
Step-by-step explanation:
Let M be the marked price of the article
Given the rebate on the marked price = 10%
=> Price after rebate = M - 10M/100 = 0.9M
Tax under GST = 18%
This tax will be applied on the price after rebate
=> Tax = 0.18 x 0.9M
= 0.162M
Hence the net selling price will be (Price after rebate + Tax)
=> = 0.9M + 0.162M = 5310
=> 1.062 M = 5310
=> M = 5310/1.062 = 5000
Hence the Marked price of the article is Rs 5000