Question

A dining table is purchased for $Rs.3200$ and sold at a gain of $6\%$. If a customer pays sales tax at the rate of $5\%$. How much does the customer pay in all for the table?

Answer 1

The cost price (CP) of the dining table $=Rs.3200$

Now, the dining table sold at a gain of $6\%$.

So, selling price (SP) of the dining table $=\frac{100+\text{Profit}\%}{100}\times CP$

$=\frac{100+6}{100}\times 3200$

$=106\times 32$

$=Rs.3392$

Also, customer pay sale tax $=5\%$

$\therefore$ Selling price with sales tax $=3392+5\%$ of SP

$=3392+3392\times \frac{5}{100}$

$=3392+169.6$

$=Rs.3561.60$