Q. 1033.7( 3 Votes )
Brinda purchased 18 coats at the rate of Rs 1,500 each and sold them at a profit of 6%. If customer is to pay sales tax at the rate of 4%, how much will one coat cost to the customer and what will be the total profit earned by Brinda after selling all coats?
Given, the cost price of each coat = Rs. 1500
Also the total number of coat purchased = 18
⇒We need to find out the cost of each coat and profit
earned by brinda.
Now, we know that the total cost of 18 coats = total
number of coats * cost of each coat.
⇒ Total cost of 18 coats = 18*1500
⇒ Gain% = 6%
Now, we know that
⇒ Gain =
Now, we know that Selling price = Gain + Costprice
⇒ Amount received by brinda = 1620 + 27000
Customer pay sales tax = 4%
Now, we know that the TotalSalesTax = Cost x SalesTax
Now, The cost price with the sales tax TotalCost = Cost + TotalSalesTax.
⇒ Total cost with sales tax = 28620 + 1144.8
= Rs. 29764.8
Cost Price of one coat =
⇒ Cost price of one coat =
⇒ Profit earned by Brinda = 28620 – 27000
Hence, Brinda earned the profit of 1620
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