Question

The list price of a cooler is Rs.1320. The rate of sales tax is 10%. The customer requests the
shopkeeper to reduce the list price to such an extent that the price remains Rs.1320 inclusive of
sales tax. Find the discount allowed. Please help step by step. Thanks in advance :). Also try to answer ASAP...tmrw is my exam

Answer 1

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List price of the refrigerator = Rs. 9700

VAT =6%

So, VAT = 6% of Rs.9700

= 6100×9700

= Rs. 582

So, the total amount one has to pay is (Rs. 9700+ Rs.582) = Rs.10282

The total amount one has to pay is Rs. 10282.

Answer 2

Step-by-step explanation:

Selling price with tax=1232

tax=10% of 1232=(10/100)1232=123.2

Selling price-tax=1232-123,2=1108.8

Profit=Sellingprice - tax - cost price=12% of cost price

=1108.8-cost price=(12/100)(cost price)

(112/100)cost price=1108.8

cost price=990