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Marked price of an article is 350 0 and rate of GST is 12% A shopkeeper allows a discount of 20% and still makes a profit of 10% find the original price and the selling price including Gst?
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Marked price of an article is 350 0 and rate of GST is 12% A shopkeepe...
Given Data
- Marked Price (MP): ₹3500
- Rate of GST: 12%
- Discount: 20%
- Profit: 10%
Step 1: Calculate the Discounted Price
- Discount Amount:
  • Discount = 20% of MP = 0.20 × 3500 = ₹700


- Selling Price (SP) after Discount:
  • SP = MP - Discount = 3500 - 700 = ₹2800


Step 2: Calculate the Cost Price (CP)
- Since the shopkeeper makes a profit of 10%, we can express this as:
  • SP = CP + 10% of CP
  • 2800 = CP + 0.10 × CP = 1.10 × CP
  • CP = 2800 / 1.10 = ₹2545.45 (approximately)


Step 3: Calculate Selling Price Including GST
- GST Amount:
  • GST = 12% of SP = 0.12 × 2800 = ₹336


- Total Selling Price including GST:
  • SP including GST = SP + GST = 2800 + 336 = ₹3136


Summary
- Original Cost Price (CP): ₹2545.45
- Selling Price including GST: ₹3136
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Marked price of an article is 350 0 and rate of GST is 12% A shopkeeper allows a discount of 20% and still makes a profit of 10% find the original price and the selling price including Gst?
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Marked price of an article is 350 0 and rate of GST is 12% A shopkeeper allows a discount of 20% and still makes a profit of 10% find the original price and the selling price including Gst? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Marked price of an article is 350 0 and rate of GST is 12% A shopkeeper allows a discount of 20% and still makes a profit of 10% find the original price and the selling price including Gst? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Marked price of an article is 350 0 and rate of GST is 12% A shopkeeper allows a discount of 20% and still makes a profit of 10% find the original price and the selling price including Gst?.
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