A shopkeeper marks the price of an article 30% above its cost price and gives a customer discount of 15%. A customer bought that

Question

A shopkeeper marks the price of an article
30% above its cost price and gives a customer discount of
15%. A customer bought that article including 13% VAT at
Rs. 1872.975. Find the marked price of the article and the
gain of shopkeeper

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Mít Mít 3 months 2021-08-21T23:29:05+00:00 1 Answers 0 views 0

Answers ( )

    0
    2021-08-21T23:31:02+00:00

    Answer:

    The gain percent made by shopkeeper is 10.5%.

    Step-by-step explanation:

    Given:

    Price at which goods are marked = 30%

    Discount on the marked price = 15%

    To Find:

    Gain percentage of the shopkeeper

    Solution:

    Let the cost price of the product be = 100

    Therefore,

    MP = 30 + 100 = 130

    Since discount is 15%. thus –

    Discount = 15/100 x 130

    = 19.5

    Selling price = MP – Discount

    SP = 130 – 19.5

    = 110.5

    Profit = SP – CP

    = 110.5 – 100

    = 10.5

    Calculating the gain%

    Gain% = 10.5/100 x 100

    = 10.5

    Answer: The gain percent made by shopkeeper is 10.5%.

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