Gautam purchased a bike, having marked price Rs. 46000 at a discount of 5%. If the sales tax is charged at a rate of 10%, find the amount Gautam has paid to purchase the bike.
Rs. 48070
We have,
Marked price of the bike = Rs. 46000
Discount = (5% of 46000) = Rs. 2300
Net price of bike = Rs. 46000 – Rs. 2300 = Rs. 43700
Sales Tax = (10% of Rs.43700) = Rs. 4370.
S.P of bike = (Rs. 43700 + 4370) = Rs. 48070.