Question

Tarun bought an article for Rs. 8,000 and spent Rs. 1,000 for transportation. He marked the article at Rs. 11, 700 and sold it to a customer. If the customer had to pay 10% sales tax, Find:

(i) the customer’* price

(ii) tarun’* profit percent

Answer 1

Purchase price for = Rs. 8,000

Expense on transportation = Rs. 1,000

Cost price for Tarun = Rs. 8,000 + Rs. 1,000 = Rs. 9,000

Marked price by Tarun = Rs. 11,700

Sales tax charged by tarun = 10% of 11,700

The customer'* price = Rs. 11,700 + Rs. 1,170 = Rs. 12,870

Profit made by Tarun = Rs. 11,700 - Rs. 9,000 = Rs. 2,700