Question

Find the rate of discount when M_P=Rs 2500 and S.P =Rs_2350 The price of a T. V set inclusive of sales tax is RS 33660_If the rate of sales tax is 10% find its basic price.

Answer 1

Explanation:

The question is in two parts

For the first part;

Mark up price = 2500

Selling price = Rs 2350

To get the discount rate we will use the expression

Discount = MP-SP/MP× 100

Discount = 2500-2350/2500 × 100

Discount =150/2500 × 100

Discount percent = 150/25

discount percent = 6%

For the second part;

Cost of TV = Rs 33660 (including tax)

Sales tax = 10%

Increment = 10% of 33660

Increment = 0.1×33660

Increment = Rs 3366

Basic price = sales price (including tax)-increment

Basic price = 33660-3366

Basic price = Rs 30,294