Question

Q1.The list price of an article is Rs 20,000.The shopkeeper gives a discount of 15% on the listed price. The tax rate for it is 28%.The total amount a customer has to pay to purchase the article is:​

Answer 1

Given:

The list price of an article is Rs 20,000. The shopkeeper gives a discount of 15% on the listed price. The tax rate for it is 28%. The total amount a customer has to pay to purchase the article is?

To find:

The total amount a customer has to pay to purchase the article is?

Solution:

Finding the S.P. after giving discount:

The list price of the article = Rs. 20,000

The rate of discount = 15%

Therefore,

The S.P. after giving discount is,

= $M.P. - Discount$

= $M.P. - [\frac{Discount}{100}\times M.P. ]$

= $20000 - [\frac{15}{100}\times 20000 ]$

= $20000 - 3000$

= $17000$

Finding the S.P. after adding the tax:

The rate of the tax = 28%

The discounted price of the article = Rs. 17000

∴ The amount of tax = $\frac{28}{100} \times 17000 = 4760$

Now,

The final S.P. of the article for the customer is,

= [Price after discount] + [Tax amount]

= Rs. 17000 + Rs. 4760

= Rs. 21760

Thus, the total amount a customer has to pay to purchase the article is → Rs. 21760.

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