Multiple choice

Tarun bought an article for Rs. $8,000$ and spent Rs. $1,000$ for transportation. He marked the article at Rs. $11,700$ and sold it to a customer. If the customer had to pay $10\%$ sales tax, find: (i) the customer's price (ii) Tarun's profit percent

  1. (i) Rs. $10,636$           (ii) $13\%$
  2. (i) Rs. $11,190$           (ii) $20\%$
  3. (i) Rs. $12,870$           (ii) $30\%$
  4. (i) Rs. $13,220$           (ii) $43\%$
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Total cost for Tarun is 8000 + 1000 = 9000. Selling price is 11700. Customer pays 11700 + 10% tax = 11700 + 1170 = 12870. Profit percent is ((11700 - 9000) / 9000) * 100 = (2700 / 9000) * 100 = 30%.

AI explanation

Tarun's total cost price is the sum of the purchase price and transportation, which is Rs. 8000 + Rs. 1000 = Rs. 9000. The sales tax is calculated on the marked price, so the customer pays Rs. 11700 plus 10% of Rs. 11700, equaling Rs. 11700 + Rs. 1170 = Rs. 12870. Tarun's profit is the difference between his selling price of Rs. 11700 and his cost price of Rs. 9000, which is Rs. 2700. Using the profit percentage formula, (2700 / 9000) * 100 equals 30%, making the customer's price Rs. 12870 and the profit 30%.

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