Question

The profit made by certain dealer is equal to T% of selling price and P% of the cost price. Show that P = −

Answer 1

Answer:

Marked Price =Rs.2860

Vat =8%

∴S.P=M.P(1+100vat%)=2860(1+1008)=Rs.3088.8

Discount =20%

∴ Actual SP=3088.8(1−10020)=2471.04

Now,

Price without vat =2860(1−10020)=2288

Let the cost price be ′X′

Overheads =4%

∴NetC.P=X(1+1004)=1.04XProfit%=(C.PS.P−C.P)×100%ATP,10=1.04X2288−1.04X×100⇒10.4X=228800−104X⇒114X=228800⇒X=2000