Question

The marked price of an article is rs 1500. Find its selling price after 20% discount the adding 10% VAT

Answer 1

The discount needs to be increased by only 4℅ to get only 12℅ profit out of the whole transaction.

Step-by-step explanation:

Initially,

Marked price( M.P) = Rs. 1500

Discount = 10℅

So, the discount is = 10℅ of 1500 = Rs. 150

So, the selling price (S.P) becomes = M.P- Discount = Rs. 1350

Profit = 20℅

Therefore, 120℅ of cost price( C.P) = 1350

So, C.P = Rs. 1125

Second case,

Profit= 12℅

So the selling price is= 112℅ of 1125 = Rs. 1260

Now, the new discount becomes = Rs 1500- 1260 = Rs. 240

So, the new discount ℅ = (240/1500) × 100 = 16℅

Hence, discount percent has to be increased by 4.

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