Question

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

Answer 1

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Given:

The marked price of an article=3500

GST =12%

Shopkeeper allows a discount

of =20%

and still makes a profit of =10%

Find:

1. ORIGINAL COST PRICE OF AN ARTICLE
2. SELLING PRICE INCLUDING GST

SOLUTION

THE MARKED PRICE OF THE ARTICLE INCLUDING GST=3500+12%(GST)

=3920

the shopkeeper allows a discount of 20% but still makes a profit of 10%

because he give discount on the price he bought or marked price without gst which is 3500

so,S.P=3500-20%

=2800

= 2800+12%(gst for consumer/customer)

ANS: SELLING PRICE INCLUDING GST =3136

THE SHOPKEEPER BOUGHT THE ARTICLE FOR=2800-10%(because he makes a profit of 10%)

=2520

The original price of the ARTICLE including Gst=2520+12%

ANS: THE ORIGINAL PRICE OF THE ARTICLE INUDING GST =2822.4

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Answer 2

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