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5. A retailer buys an article at a discount of 15% on the printed price from a wholesaler. Hemarks up the price by 10% on the printed price but due to competition in the market,he allows a discount of 5% on the marked price to a buyer. If the rate of GST is 12%and the buyer pays 468-16 for the article inclusive of tax (under GST), find(1) the printed price of the article.(ii) the profit percentage of the retailer. |
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Answer» Answer:this answer Explanation:401.85, 19.5% Step-by-step explanation: LET printed price was100% RETAILER paid = 85% marked price = 100% + 10% of 100 = 110% price after discount of 5% = 110% - 5% of 110 = 104.5 % 104.5% + 12% = 468.16 116.5% = 468.16 100% =100 *468.16/116.5 = Rs 401.85 printed price = Rs 401.85 profit = 104.5% + 85% = 19.5% |
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