Aptitude - Discount Problem

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Aptitude | Question 113 of 147

Discount Problem

A shopkeeper allows discount of 10% on the marked price of an item but charges a sales tax of 8% on the discounted price.If the customer pays Rs.680.40 as the price including the sales tax , what is the marked price?(a)Rs.630 (b)Rs 700 (c)780 (d) none

Total Answers and Comments: 4

Last Update: July 01, 2008 Asked by: Benit Amala

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Best Rated Answer

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Submitted by: Sankalp27

b) 700

Above answer was rated as good by the following members:
rajani_vaddepalli15

May 20, 2008 03:43:39

Sankalp27

Member Since: May 2008 Contribution: 2

RE: Discount Problem

3 metre

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May 20, 2008 03:44:47

Sankalp27

Member Since: May 2008 Contribution: 2

RE: Discount Problem

b) 700

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1 0

Overall Rating: +1

May 21, 2008 01:14:10

jganeshster

Member Since: May 2008 Contribution: 1

RE: Discount Problem

the answer is =675

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0 2

Overall Rating: -2

July 01, 2008 14:40:40

rajani_vaddepalli15

Member Since: June 2008 Contribution: 19

RE: Discount Problem

Ans:700

let the market prise be M.
10% discount of M=M/10
selling prise excluding tax=M-discount=>M-M/10=9M/10
8% tax on discounted prise=9M/10*8/100
=>actual selling prise including tax= 9M/10 + 72M/1000
which is equal to Rs.680.40
=>9M/10 + 72M/1000 = 680.40
=>M=700

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