Question

The marked price of an article is ₹4500 and the rate of tax is 12%. A shopkeeper buys it at a
discount and sells it to customer at marked price. If GST deposited by the shopkeeper to the
Government is ₹72, then find the price paid by the shopkeeper for the article inclusive of tax.

Answer 1

Correct option is

A

30%;Rs.3,339

Marked price of the article =Rs.4500

Rate of sales tax =6%

VAT paid by the trader =Rs.81

C.P for the customer=Rs.4500

Sales tax paid=4500×

100

6

=Rs.270

So sales tax paid by the trader=270−81=Rs.189

C.P for the trader=

270

4500×189

=Rs.3150

(1)

Amount of discount=4500−3150=

RS 1350

Rate of discount=

4500

1350×100

=30%

(2)

Total amount paid by the trader=3150+6%of3150

⇒3150+

100

6

×3150

⇒3150+189=Rs.3339