UrbanPro

Location Set your Location

Login Ask & Answer Success Stories Paid Courses Free Classes Tuition & Classes Fees Write a Review All Categories Help Center
Post your Learning Need Signup as a Tutor
✕

Popular Cities

Bangalore

Hyderabad

Delhi

Mumbai

Chennai

Pune

Kolkata

Gurgaon

Ahmedabad

Jaipur

Noida

✕

Take Class 10 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Book a Free Demo

Class 10 > Learn Mathematics > A shopkeeper buys an article at a rebate of 30% on...
✕

Search in

A shopkeeper buys an article at a rebate of 30% on the printed price. He spends Rs 40 on the transportation of the article. After charging sales tax at the rate of 7% on the printed price, he sells the article for Rs. 856. Find his profit percentage?

Asked by Last Modified  

2 Answers

Learn Mathematics +2 Class IX-X Tuition Sales Tax and VAT

Follow 0
Answer

Please enter your answer

JEE/Board Maths Tutor

Let the Printed Price = Rs. P Shopkeeper buys at rebate of 30% Hence Cost price for Shopkeeper = Rs. 0.7*P Spends for transportation = Rs. 40 Now his cost price -- Rs. 0.7*P + 40 Now his final selling price = Rs. 856 Sales Tax charged at 7% on Printed Price Hence Sales Tax = 0.07*P Thus Selling...
read more
Let the Printed Price = Rs. P Shopkeeper buys at rebate of 30% Hence Cost price for Shopkeeper = Rs. 0.7*P Spends for transportation = Rs. 40 Now his cost price – Rs. 0.7*P + 40 Now his final selling price = Rs. 856 Sales Tax charged at 7% on Printed Price Hence Sales Tax = 0.07*P Thus Selling Price = Printed Price + Sales Tax 856 = P + 0.07P 856 = ( 1 + 0.07) * P 856 = 1.07 * P Thus, P = 856 / 1.07. P = Rs. 800 Cost Price for Shopkeeper = 0.7*P + 40 0.7 * 800 + 40 560 + 40 Rs. 600 Hence, the Profit the shopkeeper has made is 800 – 600 = Rs. 200 Thus, Profit percentage = Profit / Printed Price =200/800 =1/4 = 0.25 = 0.25 * 100 = 25%. read less
Comments
Dislike Bookmark

Let the Printed Price = Rs. P Shopkeeper buys at rebate of 30% Hence Cost price for Shopkeeper = Rs. 0.7*P Spends for transportation = Rs. 40 Now his cost price -- Rs. 0.7*P + 40 Now his final selling price = Rs. 856 Sales Tax charged at 7% on Printed Price Hence Sales Tax = 0.07*P Thus Selling Price...
read more
Let the Printed Price = Rs. P Shopkeeper buys at rebate of 30% Hence Cost price for Shopkeeper = Rs. 0.7*P Spends for transportation = Rs. 40 Now his cost price – Rs. 0.7*P + 40 Now his final selling price = Rs. 856 Sales Tax charged at 7% on Printed Price Hence Sales Tax = 0.07*P Thus Selling Price = Printed Price + Sales Tax 856 = P + 0.07P 856 = ( 1 + 0.07) * P 856 = 1.07 * P Thus, P = 856 / 1.07. P = Rs. 800 Cost Price for Shopkeeper = 0.7*P + 40 0.7 * 800 + 40 560 + 40 Rs. 600 Hence, the Profit the shopkeeper has made is 800 – 600 = Rs. 200 Thus, Profit percentage = Profit / Printed Price =200/800 =1/4 = 0.25 = 0.25 * 100 = 25%. read less
Comments
Dislike Bookmark

Related Questions

What is Pythagoras theorem?
Sum of the squares of adjacent side and opposite sides will be equal to square of the hypotenuse in a right angled triangle.
Kudo
Find the greatest number of 5 digits exactly divisible by 12, 15 and 36.
99900 is divisible by 12,15,36
Piyush
0 0
9
Define limit of the class and class interval?
Limit of the class are the point between which that class exist. They are basically number of class interval. For example, we have class interval 2-8, then lower limit is 2 and upper limit is 8.
Mukesh
What is the formula for arithmetic mean for unclassified data?
Arithmetic mean of unclassified data x1, x2, x3, x4, ... xn = X X= x1+ x2 + x3 + x4+ ... + xn —--—--——--—--—--——--—--— . n
Raj
A refrigerator is marked for sale at Rs. 17600 inclusive of sales tax at the rate of 10%. Calculate the sales tax on the refrigerator?
Let the price of the refrigerator without sales tax = P. Here, the selling price S = 17600 and the rate of sales tax i.e., r = 10 S = P(1 + r/100) 1700= P(1 + 10/100) P * 11/10 = Rs. 17600 Therefore,...
Udaybhan
0 0
7

Now ask question in any of the 1000+ Categories, and get Answers from Tutors and Trainers on UrbanPro.com

Ask a Question

Related Lessons

RATIONAL NUMBERS

Vikas Mehra

0 0
0
How to find out trigonometry function value
Angle. 0 30 45 . 60 . 90 Put 0. 1 . 2. 3 . 4 Diviede all by 4 0/4 . 1/4 . 2/4. ...

Tarun Kant Gautam

0 0
0
Multiply faster using "Vedic Ganit" technique
I will explain a simple and fastest process of multiplication. This can help you to get answers faster. Let's assume you have to multiply 9999 X 2456. Now think how much time it will take? Maybe 30...

Ritesh Rai

1 0
0
Find The Length Of QU
Question: Solution:

Sujoy Das

2 0
0
Number Theory
In number theory, we deal only with integers and their properties. Many of you may have heard about this branch of mathematics but may not know much about it. Here I am going to introduce you to some of...

Shreyan Saha

0 0
0

Recommended Articles

Meet Swati, a Hindi Tutor from Bangalore

Swati is a renowned Hindi tutor with 7 years of experience in teaching. She conducts classes for various students ranging from class 6- class 12 and also BA students. Having pursued her education at Madras University where she did her Masters in Hindi, Swati knows her way around students. She believes that each student...

Read full article >

Meet Raghunandan.G.H, a B. Tech Tutor from...

Raghunandan is a passionate teacher with a decade of teaching experience. Being a skilled trainer with extensive knowledge, he provides high-quality BTech, Class 10 and Class 12 tuition classes. His methods of teaching with real-time examples makes difficult topics simple to understand. He explains every concept in-detail...

Read full article >

Meet Mohammad Wazid, a skilled trainer for...

Mohammad Wazid is a certified professional tutor for class 11 students. He has 6 years of teaching experience which he couples with an energetic attitude and a vision of making any subject easy for the students. Over the years he has developed skills with a capability of understanding the requirements of the students. This...

Read full article >

Meet Sandhya R, a B.Sc tutor from Bangalore

Sandhya is a proactive educationalist. She conducts classes for CBSE, PUC, ICSE, I.B. and IGCSE. Having a 6-year experience in teaching, she connects with her students and provides tutoring as per their understanding. She mentors her students personally and strives them to achieve their goals with ease. Being an enthusiastic...

Read full article >

Find Class 10 Tuition near you
Class 10 Tuition in Delhi
Class 10 Tuition in Bangalore
Class 10 Tuition in Hyderabad
Class 10 Tuition in Kolkata
Class 10 Tuition in Mumbai
Class 10 Tuition in Chennai
Class 10 Tuition in Pune
Class 10 Tuition in Noida
Class 10 Tuition in Lucknow
Class 10 Tuition in Jaipur

Looking for Class 10 Tuition ?

Learn from the Best Tutors on UrbanPro

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
X

Looking for Class 10 Tuition Classes?

The best tutors for Class 10 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 10 Tuition with the Best Tutors

The best Tutors for Class 10 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more

ThinkVidya Learning Pvt Ltd © 2010-2024All Rights Reserved