please answer fast pleeeeeeeaaaaaassssssseeeee
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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!!!
Answered by
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Answer:
cost price of the article is Rs 2000
and final selling price including VAT is Rs 2471.04
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