What is the solution to the following system of equations?
1 answer:
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Answer:
SP is 2400
Final price with 10% VAT is 2640
The actual gain of retailer is 360
Step-by-step explanation:
Given
Marked price of a jacket at dealer shop is 2400
The dealer alle discount of 15% to the retailer
The marked price of the retailer should be the same as dealer's marked price.
The SP should rate for the jacket without VAT 2400
Final price if 10% VAT is imposed
10% VAT on jacket price 2400 is x
The the final price including 10% VAT = 2400 + 240
Final price with 10% VAT = 2640
Actual gain of retailer
Given, The dealer alle discount of 15% to the retailer
So, The retailer gain profit is 15% on jacket price 2400
Therefore
Let x be the gain of retailer
So, The actual gain of the retailer is 360
The SP should rate for the jacket without VAT 2400
Final price with 10% VAT = 2640
The actual gain of the retailer is 360