Question

the list price of an article is Rs 100. if you get a price discount of 15% and pay 5% for tax , what is the actual cost of your article?

Answer 1

list price of article=Rs100
now discount=15%
tax=5%
cost price=list price-(discount-tax)=(15-5)=10%
cost price=100-(10×100/100=10)=Rs90

Answer 2

Dear Student,

◆ Answer -

Actual cost = ₹ 89.25

● Explanation -

Discounted price of the article is given by -

Discounted price = list price × (100 - discount %) / 100

Discounted price = 100 × (100-15)/100

Discounted price = ₹ 85

Actual cost of the article is -

Actual cost = discounted price × (100 + tax %) / 100

Actual cost = 85 × (100+5)/100

Actual cost = ₹ 89.25

Hence, actual cost price of the article is ₹ 89.25.

Thanks dear. Hope this helps you...