A fruit seller marks up the price of a box of apples by 20%. Besides, he also charges GST of 5%(on CP) to the customers and adds a sales tax of 10%(on CP) in the price as well. If the cost price of the article is ₹ 240 ,what should be the selling price (SP) of the article?

₹ 296

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₹ 324

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₹ 300

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₹ 330

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Solution

The correct option is B
₹ 324

CP = ₹ 240

20 % of CP = $\frac{20}{100} \times$ 240 = ₹48

MP = ₹ 240 + ₹ 48 = ₹ 288

An Addition of Both taxes combined adds to 15% of ₹ 240 = $\frac{15}{100} \times$ 240 = ₹ 36

$∴$ The selling price = MP + taxes = ₹ 288 + ₹ 36 = ₹ 324.

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A fruit seller marks up the price of a box of apples by 20%. Besides, he also charges GST of 5%(on CP) to the customers and adds a sales tax of 10%(on CP) in the price as well. If the cost price of the article is ₹ 240 ,what should be the selling price (SP) of the article?

The correct option is B ₹ 324 CP = ₹ 240 20 % of CP = 20100×240 = ₹48 MP = ₹ 240 + ₹ 48 = ₹ 288 An Addition of Both taxes combined adds to 15% of ₹ 240 =15100×240 = ₹ 36 ∴ The selling price = MP + taxes = ₹ 288 + ₹ 36 = ₹ 324.

The correct option is B
₹ 324

CP = ₹ 240

20 % of CP = $\frac{20}{100} \times$ 240 = ₹48

MP = ₹ 240 + ₹ 48 = ₹ 288

An Addition of Both taxes combined adds to 15% of ₹ 240 = $\frac{15}{100} \times$ 240 = ₹ 36

$∴$ The selling price = MP + taxes = ₹ 288 + ₹ 36 = ₹ 324.