Deepa purchased 15 shirts at the rate of Rs. 1,200 each and sold them at a profit of 5%. If the customer has to pay sales tax at the rate of 4%, how much will one shirt cost to the customer?
Open in App
Solution
Given that,
C.P. of one shirt =Rs.1200
Profit %=5%,
We know that, S.P.=100+profit%100×C.P.
Hence, S.P.=100+5100×1200
=105100×1200
=Rs.1260
Also, a customer has to pay 4% sales tax.
Hence, Net price =S.P.+ Sales tax on S.P.
=1260+4100×1260
=1260+50.40
=Rs.1310.40
Hence, one shirt will cost Rs.1310.40 to a customer.