Question

Rahul bought a second hand machine for ₹ 25000 then he spent ₹ 5000 on its repair. Then

marked the price for the machine as ₹40000 and sold it to Ram for ₹ 36000. Find

i) Profit % for Rahul

ii) Discount given to Ram and also calculate discount%

iii) Amount paid by Ram if 6% GST was collected​

Answer 1

Answer:

The profit percent for Rahul is 20 %.

The discount given to Ram is ₹ 4000 and the discount percent is 10 %.

Amount paid by Ram if 6% GST was collected = ₹ 38160

Step-by-step explanation:

Given that:

Rahul bought a second hand machine for ₹ 25000 then he spent ₹ 5000 on its repair.

Marked the price for the machine as ₹40000.

Sold it to Ram for ₹ 36000.

To Find:

Profit percent for Rahul.

Discount given to Ram and also calculate discount percent.

Amount paid by Ram if 6% GST was collected.

Formula used:

Profit = SP - CP

Profit % = (100 × Profit)/CP %

Discount = MP - SP

Discount % = (100 × Discount)/MP %

Total amount = {(100 + GST) × SP}/100

Where,

SP = Selling price

CP = Cost price

MP = Marked price

We have:

Total cost price = Cost of machine + Repairing charges

Total cost price = ₹ 25000 + ₹ 5000

Total cost price = ₹ 30000

Selling price = ₹ 36000

Marked price = ₹ 40000

Finding the profit percent for Rahul:

⟶ Profit = ₹ 36000 - ₹ 30000

⟶ Profit = ₹ 6000

⟶ Profit % = (100 × 6000)/30000 %

⟶ Profit % = 600000/30000 %

⟶ Profit % = 20 %

∴ The profit percent for Rahul = 20 %

Finding the discount and discount percent given to Ram:

⟶ Discount = ₹ 40000 - ₹ 36000

⟶ Discount = ₹ 4000

∴ The discount given to Ram = ₹ 4000

⟶ Discount % = (100 × 4000)/40000 %

⟶ Discount % = 400000/40000 %

⟶ Discount % = 10 %

∴ The discount percent given to Ram = 10 %

Finding the amount paid by Ram if 6% GST was collected:

⟶ Total amount = ₹ {(100 + 6) × 36000}/100

⟶ Total amount = ₹ {106× 36000}/100

⟶ Total amount = ₹ 106 × 360

⟶ Total amount = ₹ 38160

∴ Amount paid by Ram if 6% GST was collected = ₹ 38160