Question

What will be the selling price of an article marked Rs. 900 if shyam pays 5% tax
on it.​

Answer 1

Answer:

Let the profit of the retailer be x

VAT=Rs.4.80

Sales tax=6%

∴ 6% of x=4.80

⇒

100

6

x=4.80

⇒x=

6

480

=80

Hence Profit of the retailer=900−80=Rs.820

Sales tax paid by the retailer=6% of 820=

100

8

×820=Rs.49.20

So,price of the article including sales tax=820+49.20=Rs.869.20

hope it is help full