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A Trader Buys an Unfinished Article for Rs 1,800 and Spends Rs 600 on Its Finishing, Packing, Transportation, Etc. He Marks the Article - Mathematics

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A trader buys an unfinished article for Rs 1,800 and spends Rs 600 on its finishing, packing, transportation, etc. He marks the article at such a price that will give him 20% profit. How much will a customer pay for the article including 12% sales tax.

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Solution

Purchase price = Rs 1,800

Expenditure = Rs 600

Total price = Rs 1,800+ Rs 600 = Rs 2,400

M.P. of article = Rs 2,400 + 20% of Rs 2400

`=>Rs 2400 + 20/100 xx 2400`

`=> Rs 2400 + Rs 480 = Rs 2880`

Cost price for customer = Rs 2880 + 12% of  Rs 2880

`= Rs 2880 + 12/100 xx 2880`

= Rs 2880 + Rs 345.60

= Rs 3225.60

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