The list price of an article is ₹ 20,000 offered at a discount of 15 % . If the sales tax is chargeable at the rate of 8 % , find the amount buyer pays for the article

₹ 17,000

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₹ 20,000

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₹ 18,360

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₹ 19,000

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Solution

Given that Cost of the article = ₹ 20000; Rate of Discount = 15 %

Hence the amount of discount= $\frac{15}{100} \times 20000$
= ₹ 3000
Cost of the article after discount = ₹ 20000 - 3000
= ₹ 17,000

Rate of Sales Tax = 8 %
Amount of Sales tax = $\frac{8}{100} \times 17000$
= ₹ 1360

Total Amount buyer pays for the article = 17000 + 1360
= ₹ 18,360

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