Question

The marked price of an article is Rs.10000 and the shopkeeper allows some percent vat which is 3% more than the discount percent. If the customer pays Rs.10170 for the article then find the VAT amount.

Answer 1

Step-by-step explanation:

Discount is always applied on marked price.Profit = SP - CPVAT is applied on Selling Price

SP = 10170/113 x 100 = 9000

If profit is 20% then :

CP = 9000/120 x 100 = 7500

MP = 9000/90 x 100 = 10000

For 12% profit, SP = 7500 x 112/100 = 8400

=> SP = 8400/10000 x 100 = 84% of MP

=> Discount = 16% of MP

Answer 2

Step-by-step explanation:

your answer is in the photo

hope it helps you