Question

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. 6 %, 37.5 %
• B. 10 %, 7.5 %
• C. 10 %, 37.5 %
• D. 6 %, 7.5 %

Answer 1

The correct option is A

6 %, 37.5 %