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Comparison Between Sales Tax and VAT

the cost of a...

Question

the cost of an article including sales tax is rs.616. the rate of sales tax is 10%.if the shopkeeper made a profit of 12%, then find the cost price of one article.

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Solution

Dear Student,

$S a l e s t a x = 10 % P r o f i t = 12 % L e t t h e s e l l i n g p r i c e b e r s x . T h e n, 110 % o f S . P . = R s 616 S . P . = \frac{616 \times 100}{110} S . P . = R s 560 S h o p k e e p e r e a r n s a p r o f i t o f 10 %, C . P . = \frac{100 \times 560}{112} = R s 500$

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