Multiple choice

A shopkeeper bought a dressing table from a wholesaler at Rs. 78,000. He marked the price of dressing table 25% above its cost price. He then sold it to a customer at 10% discount on M.R.P. The transaction is intra-state and rate of GST is 5%. What is the marker price (in Rs.) of dressing table and what is total amount (in Rs.) inclusive of tax paid by the customer?

  1. M.R.P = Rs. 97,800 and bill paid by the customer = Rs. 92,337.5

  2. M.R.P = Rs. 87,500 and bill paid by the customer = Rs. 92,127.5

  3. M.R.P = Rs. 97,500 and bill paid by the customer = Rs. 92,137.5

  4. M.R.P = Rs. 77,500 and bill paid by the customer = Rs. 92,137.5

  5. M.R.P = Rs. 67,500 and bill paid by the customer = Rs. 97,137.5
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Cost = 78000. MRP = 78000 * 1.25 = 97500. Selling Price = 97500 * 0.9 = 87750. GST = 5% of 87750 = 4387.5. Total = 87750 + 4387.5 = 92137.5.

AI explanation

The marked price is 25% above the cost price of Rs. 78,000, calculated as 125% of 78,000, resulting in a marked price of Rs. 97,500. The shopkeeper gives a 10% discount on this marked price, so the selling price before tax is 90% of 97,500, which equals 87,750. The GST is 5% of this selling price, calculated as 0.05 times 87,750, resulting in a tax amount of 4,387.5. The total amount paid by the customer is the sum of the selling price and the tax, giving 87,750 plus 4,387.5, which equals Rs. 92,137.5.

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