the listed price of an article is rs 560 the shopkeeper maked up the listed price and sells it at rs 735 which includes a sales tax of 5 % on the price asked for by what percent did the shopkeeper maked up the listed price .
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Check this attachment :-)
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guttu48:
thanks a lot
Answered by
1
Selling Price including 5% sales tax = rs 735
.
Find Selling Price without sales tax:
105% = rs 735
1% = rs 7
100% = 7 x 100 = Rs 700
The sales price without tax is Rs 700.
.
Find Markup:
Markup = 700 - 560 = Rs 140
.
Find Percentage makeup :
Percentage markup = 140/560 x 100 = 25%
.
Answer: 25%
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