Question

please answer fast pleeeeeeeaaaaaassssssseeeee

Answer 1

Hey mate!!!

MRP = 2860      vat = 8%    

     expected  SP = 1.08 * MRP = 3088.80

But there is a discount  on MRP = 20%

So price before VAT is applied = 2860 - 20% = 2,860 - 572 = 2, 288.

Final Selling price including VAT = 2,288 * 1.08 = 2,471.04

==

Let Cost price = CP      overheads = 4%.

    cost including overheads = 1.04 CP

so profit = 2,288 - CP * 1.04

profit % = (2,288 - 1.04 CP)/[1.04 * CP] = 10/100

=> 2,288 - 1.04 CP = 0.104 CP

=> CP = 2,288/1.144 = 2,000

Hope this helps you!!!

Answer 2

Answer:

cost price of the article is Rs 2000

and final selling price including VAT is Rs 2471.04