Question

the Marked price of an article is 3500 and rate of GST is 12% A shopkeeper allows a discount of 20% and still makes a profit of 10% find the original cost cost price of the article and the selling price including GST

Answer 1

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Here is the solution:

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Find the price after discount:

20% discount = 0.2 x 3500 = Rs 700

Price after discount = 3500 - 700 = Rs 2800

Find the cost price:

Selling Price = Cost Price + Profit

Selling Price = 100 + 10 = 110%

110% = 2800

1% = 2800 ÷ 110 = Rs 25.45

100% = 25.45 x 100 = Rs 2545

Find the selling price including GST:

selling price (after discount) = Rs 2800

GST = 12% of 2800 = Rs 336

Selling Price including GST = 2800 + 336 = Rs 3136

Answer: The cost price is Rs 2545 and the selling price including GST is Rs 3136.