Parth purchased goods worth Rs 8500 while selling obtained Rs 1800 as the profit after an income tax of 10% find the selling price of goods
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Given :-
- CP of goods = Rs.8500 .
- Profit after an income tax of 10% = Rs.1800
To Find :-
- SP of goods ?
Solution :-
Let us Assume that, SP of goods is Rs.x .
As income tax is give on SP. So, after giving 10% tax we gets, 90% of Rs.x .
So,
→ SP after tax = 90% of x = 0.9x
→ Profit Earned = Rs.1800
→ CP = Rs.8500
Therefore,
→ CP + Profit = SP
→ 8500 + 1800 = 0.9x
→ 10300 = 0.9x
→ x = (10300/0.9)
→ x = (103000/9)
→ x ≈ Rs.11444.44. (Ans.)
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