The marked price of an article is ₹3500 and the rate of GST is 12percent. A shopkeeper allows a discount of 20percent and still makes a profit of 10percent. Find the original cost price and the selling price including GST.
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❕❕ANSWER❕❕
SOLUTION: HERE, M.P. OF THE ARTICLE= rs.3500. G.S.T.=12%
G.S.T. AMOUNT= 12% of 3500
= 12/100×3500
=Rs.420
hence, total amount paid= Rs.(3500+ 420)
= Rs.3920
NOW, A/C TO QUESTION,
WE HAVE,
M.P. OF ARTICLE= Rs.3500
DISCOUNT= 20%
DISCOUNT = 20% OF Rs. 3500
= 20/100×3500
= Rs.700
HENCE, S.P. OF THE T.V.= M.P. - Discount
= Rs.3500 - Rs. 700
=Rs.2800
PROFIT =10%
C.P.=100×S.P./100+PROFIT%
=Rs. 100 × 2600
100 + 10
= Rs. 100× 2800. = Rs.
110
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