Question
Download Solution PDFA shopkeeper marks the price of an item at ₹ x and offers a discount of 38% on it. He sells it at a discounted price of ₹372 after charging 60% VAT. What is the value of ₹ x?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFFormula used:
Discounted Price = Marked Price × (1 - Discount Rate)
Selling Price after VAT = Discounted Price × (1 + VAT Rate)
Calculation:
Selling Price after VAT = ₹372
VAT Rate = 60% = 0.60
⇒ Discounted Price = 372 / (1 + 0.60)
⇒ Discounted Price = 372 / 1.60
⇒ Discounted Price = ₹232.50
Discount Rate = 38% = 0.38
⇒ Marked Price × (1 - 0.38) = ₹232.50
⇒ Marked Price × 0.62 = ₹232.50
⇒ Marked Price = ₹232.50 / 0.62
⇒ Marked Price = ₹375
∴ The correct answer is option (4).
Last updated on May 26, 2025
->The Punjab Police Constable Exam Hall Ticket 2025 has been released on the official website of Punjab Police for the examination to be held from 31st May to 8th June 2025.
> The Punjab Police Constable 2025 Exams have started from 4th May onwards.
-> According to the official notification, the Punjab Police has announced a total of 1746 Vacancies for the post of District Police Cadre and Armed Police Cadre.
-> Eligible and Interested candidates can apply from 21st February 2025 to 13th March 2025.
-> The candidates will be selected based on their performance in the computer based test, physical measurement test, physical screening test, and document scrutiny.
-> Candidates can go through the Punjab Police Constable Preparation Tips to give a boost to their preparation.
-> Selected candidates will be getting a salary of INR.19,900 per month.