Hari bought a raincoat marked at Rs. 550. He recieved a 15% discount on it, but he had to pay 10% sales tax on the discounted price. Find the price which he paid for the raincoat inclusive of the sales tax.
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Solution
List price of the raincoat = Rs. 550
Rebate = 15100×550=Rs.82.50
After deducting the rebate, its price = 467.50
Sales tax = 10100×467.50=Rs.46.75
Buying price of the raincoat = Rs.467.5+Rs.46.75=Rs.514.25