A shopkeeper bought an article for Rs. $3, 450$ . He marks the price of the article $16 %$ above the cost price. The rate of sales tax charged on the article is $10 %$ . Find the :
(i) marked price of the article
(ii) price paid by a customer who buys the article.

Open in App

Solution

Cost price of the article $=$ Rs. $3, 450$ .
(i) Marked price $=$ Cost Price $+$ % marked above cost price
$=$ Rs. $3, 450 + \frac{16}{100} \times 3, 450$
$=$ Rs. $4, 002$

(ii) Price paid by the customer $=$ Marked Price $+$ Tax charged
$=$ Rs. $4, 002 + \frac{10}{100} \times 4, 002$
$=$ Rs. $4, 402.20$

Suggest Corrections

Similar questions

Q. A shopkeeper buys an article for Rs. 2,400 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. 3,498 including sales tax on the marked-up price. Find
(i) the rate of sales tax
(ii) the shopkeeper's profit as per cent.

Q. A shopkeeper buys an article for Rs.

450

. He marks it at

20 %

above the cost price. Find the marked price of the article.

Q. A shopkeeper buys an article at a discount of

30 %

and pays sales-tax at the rate of

8 %

. The shopkeeper, in turn, sells the article to a customer at the printed price and charges sales tax at the same rate. If the printed price of the article is Rs.

2, 500

; find:
(i) the price paid by the shopkeeper
(ii) the price paid by the customer
(ii) the VAT (Value Added Tax) paid by the shopkeeper.

A shopkeeper buys an article at a rebate of $30 %$ on the printed price(Marked Price). He spends ₹ 40 on transportation of the article. After charging sales tax at the rate of $7 %$ on the printed price, he sells the article for ₹ 856. Find his profit percentage.

A shopkeeper buys an article for Rs. 450. He marks it at 20% above the cost price. Find : (i) the marked price of the article. (ii) the selling price, if he sells the article at 10 percent discount. (iii) the percentage discount given by him, if he sells the article for Rs.496.80.

Join BYJU'S Learning Program

A shopkeeper bought an article for Rs. 3,450. He marks the price of the article 16% above the cost price. The rate of sales tax charged on the article is 10%. Find the :(i) marked price of the article(ii) price paid by a customer who buys the article.

Cost price of the article = Rs. 3,450.(i) Marked price = Cost Price + % marked above cost price= Rs. 3,450+16100×3,450= Rs. 4,002(ii) Price paid by the customer = Marked Price + Tax charged= Rs. 4,002+10100×4,002= Rs. 4,402.20

A shopkeeper bought an article for Rs. $3, 450$ . He marks the price of the article $16 %$ above the cost price. The rate of sales tax charged on the article is $10 %$ . Find the :
(i) marked price of the article
(ii) price paid by a customer who buys the article.