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A shopkeeper offers 10% discount on an item with marked price 400. If he charges 10% GST, then the final price of the item is
- a)Rs. 380
- b)Rs. 400
- c)Rs. 396
- d)More than one of the above
- e)None of the above
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
A shopkeeper offers 10% discount on an item with marked price 400. If ...
Given:
MP of the item = Rs. 400
Discount = 10%
Tax = 10%
Concept used:
SP = MP - (MP × Discount%)
Calculation:
Price after discount = 400 - (400 × 10%)
⇒ 360
Price after Tax = 360 + (360 × 10%) = 360 + 36 = 396
∴ The item is available to customers at Rs. 396.
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Community Answer
A shopkeeper offers 10% discount on an item with marked price 400. If ...
Understanding the Problem
To find the final price of the item after applying the discount and GST, we can break down the calculations step by step.
Step 1: Calculate the Discount
- The marked price of the item is Rs. 400.
- The discount offered is 10% of the marked price.
Step 2: Calculate the Selling Price
- After applying the discount, the selling price can be calculated as follows:
Step 3: Apply GST
- The GST charged on the selling price is also 10%.
Step 4: Calculate the Final Price
- The final price of the item after including GST is the sum of the selling price and GST.
Conclusion
Thus, the final price of the item after applying a 10% discount followed by a 10% GST is Rs. 396. Therefore, the correct answer is option 'C'.
To find the final price of the item after applying the discount and GST, we can break down the calculations step by step.
Step 1: Calculate the Discount
- The marked price of the item is Rs. 400.
- The discount offered is 10% of the marked price.
- Discount = 10% of 400 = 0.10 * 400 = Rs. 40
Step 2: Calculate the Selling Price
- After applying the discount, the selling price can be calculated as follows:
- Selling Price = Marked Price - Discount
- Selling Price = 400 - 40 = Rs. 360
Step 3: Apply GST
- The GST charged on the selling price is also 10%.
- GST = 10% of Selling Price = 0.10 * 360 = Rs. 36
Step 4: Calculate the Final Price
- The final price of the item after including GST is the sum of the selling price and GST.
- Final Price = Selling Price + GST
- Final Price = 360 + 36 = Rs. 396
Conclusion
Thus, the final price of the item after applying a 10% discount followed by a 10% GST is Rs. 396. Therefore, the correct answer is option 'C'.
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A shopkeeper offers 10% discount on an item with marked price 400. If he charges 10% GST, then the final price of the item isa)Rs. 380b)Rs. 400c)Rs. 396d)More than one of the abovee)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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A shopkeeper offers 10% discount on an item with marked price 400. If he charges 10% GST, then the final price of the item isa)Rs. 380b)Rs. 400c)Rs. 396d)More than one of the abovee)None of the aboveCorrect answer is option 'C'. Can you explain this answer? for BPSC (Bihar) 2024 is part of BPSC (Bihar) preparation. The Question and answers have been prepared according to the BPSC (Bihar) exam syllabus. Information about A shopkeeper offers 10% discount on an item with marked price 400. If he charges 10% GST, then the final price of the item isa)Rs. 380b)Rs. 400c)Rs. 396d)More than one of the abovee)None of the aboveCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for BPSC (Bihar) 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A shopkeeper offers 10% discount on an item with marked price 400. If he charges 10% GST, then the final price of the item isa)Rs. 380b)Rs. 400c)Rs. 396d)More than one of the abovee)None of the aboveCorrect answer is option 'C'. Can you explain this answer?.
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