Question

A shopkeeper marks his goods 40% above the cost price and then allows discount of 20%. Find how much will a customer pay for an article which costs the shopkeeper Rs. 200 and a Sales Tax of 10% is levied on the sale price of the article. (Give your answer correct to the nearest rupee).

• A. Rs. 246
• B. Rs. 297
• C. Rs. 323
  
• D. Rs. 356
  

Answer 1

The correct option is A Rs. 246

Cost Price =Rs.200

Shopkeeper Mark the price 40% above the cost price then

$M.P=200+40\%of200$

$\Rightarrow 200+\frac{40}{100}\times 200$

$\Rightarrow 200+80=Rs.280$

Discount=20%

Then Price after discount$=280-20\%of280$

$\Rightarrow 280-\frac{20}{100}\times 280$

$\Rightarrow 280-56=Rs.224$

Sales tax rate=10%

Then sales price$=224+10\%of224$

$\Rightarrow 224+\frac{10}{100}\times 224$

$\Rightarrow 224+22.4=246.4\sim Rs.246$