Question

A shopkeeper bought Rice cooker for Rs. 5000 and sold it to a customer for Rs. 5,085 with 13% VAT.

Find his profit or loss percent.

Answer 1

if I'm not wrong,then this is the equation

Explanation:

CP=5000

SP=5085

VAT=13℅

now,

VAT amount=VAT℅ OF SP

=13℅ OF 5085

=13/100*5085

=rs.661.05

again,

profit℅= SP-CP/CP*100℅

=85/500*100

=17℅ answer

Answer 2

number to get a better price