Kiran purchases an article for ₹ 5, 400 which includes 10% rebate on the marked price and 20% sales tax (under VAT) on the remaining price. Find the marked price of the article.
Solution:
Let market price of the article be ₹ x
Hence, market price of the article is ₹ 5000
A shopkeeper buys an article for ₹ 12000 and marks up its price by 25%. The shopkeeper gives a discount of 10% on the marked up price. He gives a further off-season discount of 5% on the balance. But the sales tax (under VAT) is charged at 8% on the remaining price. Find :
(i) the amount of VAT which a customer has to pay.
(ii) the final price he has to pay for the article.
Solution:
Cost price of an article = ₹ 12000
Rate of mark up in price = 25%
(i) Amount of sales tax = ₹ 1026
(ii) Price to be paid = ₹ 12825 + ₹ 1026 = ₹ 13851