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1 Arvind bought a dining table for? 23,850. This includes 6% sales tax. The shopkeeper has mof 125 % on his investment. If the shopkeeper has spentactual cost of the table?ing and transportation, what is theld the land1000 on polish |
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Answer» Let the actual cost of the table be Rs C.cost incurred by the shopkeeper = Rs 1000.Total cost for shopkeeper = C + 1000Profit = 25%Sale price without tax = (C + 1000) * (100+25)/100 = 5 * (C + 1000)/4Sales tax = 5*(C + 1000)/4 * 6/100 total price paid by Arvind = 5 (C + 1000) /4 * 106/100 = Rs 23, 850 C + 1000 = 18000 C = Rs 17, 000that is the actual cost |
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