The marked price of an article is Rs 4000. After allow
percent of discount and including 10% VAT customer paid is Rs. 3960
find the rate of discount
.
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Answer:
MARKED PRICE — — — — — — 4000
DISCOUNT - 10% HENCE SELLING PRICE = 3600
IF A PROFIT OF 20% IS MADE ON THIS DEAL, THE COST PRICE = 3000
IF ONLY 12% PROFIT IS TO BE MADE, THE SELLING PRICE = 3360.
WHENCE THE DISCOUNT SHOULD BE 640 ON AN MP OF 4000.
(i.e) 16%. FROM 12% TO 16% AN INCREASE OF 4%
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