A shopkeeper buys an article for Rs 2400 from a wholesaler at 20% reba

1.	A shopkeeper buys an article for Rs 2400 from a wholesaler at 20% rebate on its list price. He marks up the list price of the article bought by 10% and then sells it for Rs 3498 including sales tax on the marked-up price. Find: i) the rate of sales tax ii) the shopkeeper’s profit as per cent.
Answer» A shopkeeper buys an article for Rs 2400 from a wholesaler at 20% rebate on its list price. He marks up the list price of the article bought by 10% and then sells it for Rs 3498 including sales tax on the marked-up price. Find: i) the rate of sales tax ii) the shopkeeper’s profit as per cent.

A shopkeeper buys an article for Rs 2400 from a wholesaler at 20% rebate on its list price. He marks up the list price of the article bought by 10% and then sells it for Rs 3498 including sales tax on the marked-up price. Find: i) the rate of sales tax ii) the shopkeeper’s profit as per cent.

Answer»

A shopkeeper buys an article for Rs 2400 from a wholesaler at 20% rebate on its list price. He marks up the list price of the article bought by 10% and then sells it for Rs 3498 including sales tax on the marked-up price. Find:

i) the rate of sales tax

ii) the shopkeeper’s profit as per cent.

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A shopkeeper buys an article for Rs 2400 from a wholesaler at 20% rebate on its list price. He marks up the list price of the article bought by 10% and then sells it for Rs 3498 including sales tax on the marked-up price. Find: i) the rate of sales tax ii) the shopkeeper’s profit as per cent.

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