Question

The marked of a jacket at a dealer's shop is Rs. 2400 The dealer allows a discount of 15% to the retailer. As the company's policy the marked price of the retailer should be the same as decler's marked price. What SP should the retailer fix for the Jacket ? What would it's final price beif 10% VAT is imposed? What would be the actual gain of retailer ? If 10% discount is allowed.​

Answer 1

Explanation:

Given,

The marked price of a jacket at dealer shop is Rs. 2400

The dealer allows a discount of 15% to the retailer.

The marked price of the retailer should be same as the dealer's marked price.

To find,

1. SP the retailer should fix for the jacket

2. Its final price if 10% VAT is imposed

3. The actual gain of the retailer if 10% discount is allowed

Solution,

The SP rate for the jacket without VAT 2400

Let 10% VAT on jacket price 2400 be x

x= 2400÷10

x= 240

So, the final price including 10% VAT = 2640 (2400+240)

As the dealer allowed discount of 15% to the retailer, the retailer gain profit is 15% on the jacket price i.e., 2400

Let y be the gain of the retailer

y= 15/100 × 2400

y= 360

Therefore,

SP the retailer should fix for the jacket is 2400

final price if 10% VAT is imposed is 2640

the actual gain of the retailer is 360