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13. Profit, Loss, Discount and Value Added Tax (VAT)
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Q13 of 70 Page 13

A shopkeeper allows 23% commission in his advertised price and still makes a profit of 10%. If he gains Rs. 56 on one item, find his advertised price.

Let advertised price be X


Commission is 23% on advertised price


Selling price = …(i)


Given profit = 56


Profit % = 10



C.P. = 560


Profit = S.P. – C.P. = 56


S.P. = 560+56


S.P. = 616/-


From equation (i)




X = 800/-


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11

A shopkeeper marks his goods in such a way that after allowing a discount of 25% on the marked price, he still makes a profit of 50%. Find the ratio of the C.P. to the M.P.

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A cycle dealer offers a discount of 10% and still makes a profit of 26%. What is the actual cost to him of a cycle whose marked price is Rs. 840?

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A shopkeeper marked his goods at 40% above the cost price but allows a discount of 5% for cash payment to his customers. What actual profit does he make, if he receive Rs. 1064 after pating the discount?

15

By selling a pair of earings at a discount of 25% on the marked price, a jeweller makes a profit of 16%. If the profit is Rs. 48, what is the cost price? What is the marked price and the price at which the pair was eventually bought?

Questions · 70
13. Profit, Loss, Discount and Value Added Tax (VAT)
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