Question

An article is sold for Rs 3051 after allowing Rs 300 discount on the marked price and adding 13% value added tax. What is the discount percent allowed on the marked price of the article? Find it.​

Answer 1

Let the marked price of the article be M.

The selling price of the article after a discount of Rs 300 is M - 300.

After adding a 13% value added tax (VAT), the final selling price becomes:

(M - 300) + 0.13(M - 300) = 3051

Simplifying this equation, we get:

0.87M = 3051 + 300

0.87M = 3351

M = 3850

So the marked price of the article is Rs 3850.

The discount allowed on the marked price is (300/3850) × 100% = 7.79% (rounded to two decimal places).

Therefore, the discount percent allowed on the marked price of the article is 7.79%.