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Question

An article is marked at Rs. 4,500 and the rate of sales-tax on it is 6%. A trader buys this article at some discount and sells it to a customer at the marked price. If the trader pays Rs. 81 as VAT, find:(i) how much per cent discount does the trader get ?(ii) the total money paid by the trader, including tax, to buy the article.

A
30%;Rs.3,339
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B
10%;Rs.2,339
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C
15%;Rs.4,339
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D
None o these
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Solution

The correct option is A 30%;Rs.3,339Marked price of the article =Rs.4500Rate of sales tax =6%VAT paid by the trader =Rs.81C.P for the customer=Rs.4500Sales tax paid=4500×6100=Rs.270So sales tax paid by the trader=270−81=Rs.189C.P for the trader=4500×189270=Rs.3150(1)Amount of discount=4500−3150=Rs.1350Rate of discount=1350×1004500=30%(2)Total amount paid by the trader=3150+6%of3150⇒3150+6100×3150⇒3150+189=Rs.3339

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