The printed price of an article is 60000.The wholesaler allows a discount of 20%to the shopkeeper.The shopkeeper sells the article to the customer at the printed price .Vat charged is 6% at every stage.Find the total cost paid by the consumer
Add an Answer
More Questions From This User See All
Answers & Comments
printed price = Rs 60000
discount =20%
= 60000-60000*20/100
=60000-12000
=Rs48000
therefore the C.P of shopkeeper = Rs 48000
the S.P of the shopkeeper = Rs 60000
the profit made by the shopkeeper = 60000-48000
= Rs12000
V.A.T charged by shopkeeper = 12000*6/100
= Rs 720
Price paid by the customer inclusive of all tax =
=60000+60000*6/100
=60000+3600
=Rs 63600
hope it helped you !!!
if you still have any doubts , let me know in the comments below!!