Question 103

Brinda purchased 18 coats at the rate of Rs 1500 each and sold them at a profit of 6%. If a customer is to pay sales tax at the rate of 4%, how much will one coat cost to the customer and what will be the total profit earned by Brinda after selling all coats?

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Solution

The cost of each coat = Rs. 1500
The total number of coat = 18
The total cost of 18 coat =Rs. 1500 x 18 = Rs. 27000
If Brinda sold them at profit = 6%
The amount received by Brinda = 27000 + 27000 $\times \frac{6}{100}$ = 27000 + 270 $\times$ 6 = 27000 + 1620 = Rs. 28620
If customer pay sale tax = 4%
So, cost price with sale tax = 28620 + $\frac{4}{100} \times$ 28620 = 28620 + 1144.8 =Rs. 29764.80
Cost price of one coat for customer = $\frac{29764.8}{18}$ =Rs. 1653.60
Profit earned by Brinda = Rs. 28620 - Rs. 27000 = Rs. 1620

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Question 103 Brinda purchased 18 coats at the rate of Rs 1500 each and sold them at a profit of 6%. If a customer is to pay sales tax at the rate of 4%, how much will one coat cost to the customer and what will be the total profit earned by Brinda after selling all coats?

Question 103

Brinda purchased 18 coats at the rate of Rs 1500 each and sold them at a profit of 6%. If a customer is to pay sales tax at the rate of 4%, how much will one coat cost to the customer and what will be the total profit earned by Brinda after selling all coats?