Discount is given on mrp or marked price
WebMRP = Rs 50,000, Discount % = 20%, GST = 28% Discount = Selling price (discounted value) = CGST = SGST = IGST = Amount of Bill = Solution: Given, MRP = Rs 50,000, Discount % = 20%, GST = 28% Now, Discount = 20% of 50,000 = (20/100) x 50,000 = Rs 10,000 So, Selling price (discounted value) = 50,000 – 10,000 = Rs 40,000 CGST = 0 … WebSep 11, 2015 · Marked price: This is the price marked as the selling price on an article, also known as the listed price. Discount or Rebate: This is the reduction in price offered on the marked or listed price. Below is the list of some basic formulas used in solving questions on profit and loss: Gain % = (Gain / CP) * 100 Loss % = (Loss / CP) * 100
Discount is given on mrp or marked price
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WebDiscount = D% of marked price, M Discount = Marked Price – Selling Price Marked Price – Amount of Discount = Selling Price M (1-D%) = Selling Price Also, Selling Price = Cost Price + Gain Thus, M (1-D%) = … Web(i)The marked price of the article = ₹12500 When sold at a profit of 8% Profit = (8/100) x ₹12500 = ₹1000 Thus, the selling price (excluding tax) of the article = Marked price + profit = ₹12500 + ₹1000 = ₹13500 (ii) The rate of GST = 18% IGST is not applicable in this case since the dealing is intra state
WebDec 13, 2024 · Detailed Solution. Download Solution PDF. MP of the article = Rs. 250. SP of the article after getting 20% discount = 250 × 80/100 = 200. Final SP of the article = Rs. … WebFeb 11, 2024 · Given: Discount = 20% Profit = 36% Formula used: Cost price : Marked Price = (100 – Discount percentage) : (100 + Profit percentage) Calculation: Cost price : Marked price = (100 – 20) : (100 + 36) = 80 : 136 = 10 : 17 Let the cost price be 10x and marked price be 17x Difference between marked price and cost price = 7x
WebDec 29, 2024 · How to calculate discount and sale price? Just follow these few simple steps: Find the original price (for example $90) Get the the discount percentage (for example 20%) Calculate the savings: 20% of … WebDiscounted price = Original price - Discount This is the simplest type of discounting and applies to fixed sum coupons where discount and savings are one and the same. For …
WebAug 22, 2024 · A shopkeeper allows 10% discount on the marked price of an article and still gains 17%. If he given 15% discount on the marked price, then his profit percent is: This question was previously asked in SSC MTS Previous Paper 38 (Held On: 22 August 2024 Shift 2) Attempt Online View all SSC MTS Papers > 12 10.5 12.5 10 Answer … city wide garage sales in oklahomaWebApr 9, 2024 · The list price or marked price is the price which a seller fixes after adding the needed percentage of profit. Solved Examples Example: Maria marks all her products … dough abaliWebDiscount is the difference between the marked price (list price) and the selling price of an article. Therefore, the formula used for discount calculation is: Discount = List price - … doug hageman oxbow law groupWebA purchase discount is a deduction that a company may receive if the supplier offers it and the company pays the supplier's invoice within a specified period of time. The purchase … citywide gifted and talented schoolsWebAug 5, 2024 · Two successive discounts each of x % on the marked price of an article are equal to a single discount of Rs. 350. Marked price of the article is Rs. 800. Concept used: If two successive discount of A% is given, then the resultant or effective single discount is (A + A - A 2 /100)% Middle term factor Calculation: According to the question, citywide glass dartmouth maWebAug 5, 2024 · Given: Two successive discounts each of x % on the marked price of an article are equal to a single discount of Rs. 350. Marked price of the article is Rs. 800. … doug hagmann and the ganjgal ambushWebDec 7, 2024 · Given: Discount on MRP is 30% and shopkeeper gain 20%. C.P = Rs.840 Formula Used: Discount % = (M.R.P – S.P)/M.R.P × 100 Profit % = (S.P – C.P)/C.P × 100 Where, M.R.P = Marked price, S.P = Selling Price, C.P = Cost Price Calculation: Let marked price be Rs. 100x then Discount be Rs. 30x. According to the question: S.P is … city wide glass door