Brinda purchased $18$ coats at the rate of Rs. $1500$ each and sold them at a profit of $6 %$ . If 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?

1635.6

and Rs.

1520

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1652.6

and Rs.

1550

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1653.6

and Rs.

1620

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1654.6

and Rs.

1660

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Solution

The correct option is D Rs $1653.6$ and Rs. $1620$
$\Rightarrow$ $C o s t p r i c e (C P) = R s .1500$
Profit $= 6 %$

$\Rightarrow$ $S e l l i n g P r i c e (S P) = 106 % \times R s .1500 = R s .1590 . . . . . . . . .$ (without sales tax).

After $4 %$ Sales tax ,

Net $S P = 104 % o f R s .1590 = R s .1653 .6$

Net profit over $18$ coats $= (1590 \times 18) - (1500 \times 18) = R s .1620$ .

(Since sales tax is paid to government and not earned as a profit by Bindra).

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Brinda purchased 18 coats at the rate of Rs. 1500 each and sold them at a profit of 6%. If 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?

Brinda purchased $18$ coats at the rate of Rs. $1500$ each and sold them at a profit of $6 %$ . If 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?