Question

shopkeeper purchased a bicycle for rupees 5000 and marked its price a certain percent above the cost price then he sold it at 10% discount if a customer paid rs 6356.25 with 13% vat to buy it .how many percent is the Marked price above the cost price?​

Answer 1

Lets say the final price of the bike is SP plus 13% VAT. So:

1.13 * SP = 6356.25

SP = 5625

Now SP was after 10% discount on Original Price, say MP. So:

0.9 * MP = 5625

MP = 6250

Therefore, the percent of Marked Price above Cost Price is:

(6250 - 5000) * 100/5000 = 25%