The marked price of a bike is ₹ 46000 and is offered at a discount of 5%. If the sales tax is charged at a rate of 10%, find the selling price of the bike.
Rs. 48070
We have,
Marked price of the bike = ₹ 46000
Discount = (5% of 46000) = ₹ 2300
Net price of bike = ₹ 46000 – ₹ 2300 = ₹ 43700
Sales Tax = (10% of Rs.43700) = ₹ 4370.
S.P of bike = (₹ 43700 + 4370) = ₹ 48070.