Question

A supplier bought a scanner for rs 35000 and sold it for rs 47460with 13% vat. Find the profit or loss percent of supplier

Answer 1

The profit percent of supplier is 17.972 %

How to determine the profit or loss percent of supplier?

The given parameters are:

• Cost price = Rs 35000
• Selling price = Rs 47460
• VAT = 13%

Start by calculating the selling price without VAT

Selling price = Rs 47460 * (1 - 13%)

Evaluate

Selling price = Rs 41290.2

The percentage profit is then calculated as:

Percentage profit = (Selling price - Cost price)/Cost price * 100%

This gives

Percentage profit = (41290.2 - 35000)/35000 * 100%

Evaluate

Percentage profit = 17.972 %

Hence, the profit percent of supplier is 17.972 %

Read more about percentage profit at:

brainly.com/question/19104371

#SPJ1