Question

A student paid 13% value added tax (VAT) after receiving 8% discount from the seller while purchasing a mobile set to participate in online class. If the student paid Rs. 10396 to purchase the mobile set, by how much the price paid by the student or the price marked by the seller is more? Find.​

Answer 1

Answer: 113% = 9153

100% = ?

100/113 X 9153 = 915300/113 = Rs 8100 = sale price

90 % = 8100

100% = ?

100/90 X 8100 = Rs 9000 = marked price

108% = 8100

100% = ?

100/108 X 8100 = Rs7500 = cost

Difference = 9000 -7500 = Rs 1500

1500/7500 X 100 = 20%

ANSWER Marked price is 20% above cost price

Explanation: