Question

The list price of an article is 100Rs. If you get a price discount of 15% and pay 5% for tax, what is the actual cost of your article?

Answer 1

Answer: If the list price of an article is 100Rs, and you get a discount of 15%, then the discount amount will be:

Discount = 15% of 100Rs

Discount = (15/100) x 100Rs

Discount = 15Rs

So, the selling price after discount will be:

Selling price = List price - Discount

Selling price = 100Rs - 15Rs

Selling price = 85Rs

Now, if you have to pay a tax of 5% on the selling price, then the tax amount will be:

Tax = 5% of 85Rs

Tax = (5/100) x 85Rs

Tax = 4.25Rs

Therefore, the actual cost of the article will be:

Actual cost = Selling price + Tax

Actual cost = 85Rs + 4.25Rs

Actual cost = 89.25Rs

So, the actual cost of the article after applying the discount and tax is 89.25Rs.

Explanation: