Question

Sumit purchased 10 shirts at the rate of ` 1500 each and sold them at a profit of 5%. If customer has to pay sales tax at the rate of 2%, then how much one shirt will cost the customer and what was the total profit earned by Sumit after selling all shirts?

Answer 1

Answer:

1500

Step-by-step explanation:

10 shirt=1500*10=15000

at 2% rate=1450 approx..

Answer 2

Answer:

cost of 1 shirt = 1500

cost of 10 shirts= 1500×10

profit= 15000 ×5/100= 150×5=450

total amount at which he sold the shirts = 15450

sales tax 2%

amount of mony to be paid for tax= 15450×2/100= 309

the total profit earned= 15450-309= 15141