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?

Answer :

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


= 27000


Gain% = 6%


Now, we know that


Gain =


= 1620


Now, we know that Selling price = Gain + Costprice


Amount received by brinda = 1620 + 27000


= 28620


Customer pay sales tax = 4%


Now, we know that the TotalSalesTax = Cost x SalesTax


TotalSalesTax


= 1144.8


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 =


= Rs.1653.6


Profit earned by Brinda = 28620 – 27000


= 1620


Hence, Brinda earned the profit of 1620


Rate this question :

How useful is this solution?
We strive to provide quality solutions. Please rate us to serve you better.
Related Videos
Quiz | Comparing Quantities30 mins
Quiz | Comparing Quantities47 mins
Quiz | Deciding the Business Future with Profit and Loss54 mins
Quiz | Percentage35 mins
Quiz | Calculating Compound Interest Really Compound?46 mins
Foundation | Direct & Inverse Proportions57 mins
One Step Ahead of Simple Interest44 mins
Make a Solid Grip on Ratios36 mins
Quiz on Profit, Loss and Discount23 mins
Quiz | Taxes, Discount and CI45 mins
Try our Mini CourseMaster Important Topics in 7 DaysLearn from IITians, NITians, Doctors & Academic Experts
Dedicated counsellor for each student
24X7 Doubt Resolution
Daily Report Card
Detailed Performance Evaluation
view all courses