Question

A shopkeeper buys an article at a rebate of 20% on its marked price and then spends Rs. 300 on its transportation, etc. If he sells the article for Rs. 4,160 (Including sales tax at the rate of 4% of the marked price), find the shopkeeper’* profit as per cent.

Answer 1

Sale price including sales tax = Rs. 4,160

Let sale price = Rs. y

Rate of sales tax = 4%

∴ y + 4% of y = Rs. 4160

⟹ y + /25

= . 4,160