(i) A trader buys an article for Rs. 1700 at a discount of 15% on its printed price. He raises the printed price of the article by 20% and then sells it for Rs. 2,688 including sales tax on the new marked price. Find:
(i) the rate of sales tax
(ii) the trader profit as per cent.
2. A shokeeper buys an article for Rs. 2400 from a wholesaler at 20% rebate on its list price. He marks up the list price of the article bought by 10% and then sells it for Rs. 3498 including sales tax on the marked up price. Find:
(i) the rate of sales tax
(ii) the shopkeeper's profit as percent

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Answers

2015-12-20T10:57:29+05:30
First of all , I hope you are not a teacher who is here to make students practice because, I am going to answer this as someones query .

PRINTED PRICE = ₹ 1700
COST PRICE = 1700 - (15/100)*1700 = ₹ 1445
NEW PRINTED PRICE = 1700 + (20/100)1700 = ₹ 2040
SELLING PRICE = ₹ 2688
=> Sales tax Percentage = (2688 - 2040)/100 = 6.48%

Now this tax goes to govt , so seller doesnt profit from this . The seller profits by the New Printed Price only )

Profit % = ( 2040 - 1445 ) / 100 = 5.95%

Do the other question like this.
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