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      Question

      A shopkeeper gives two consecutive discount of 10% and

      5% respectively on his items. He then adds 20% GST on his items. If an item has marked price Rs. 2,000/-, how much more or less than the cost price the item a customer has to pay?
      A 260 less Correct Answer Incorrect Answer
      B 342 more Correct Answer Incorrect Answer
      C Same price Correct Answer Incorrect Answer
      D 400 more Correct Answer Incorrect Answer

      Solution

      ATQ,

      Marked Price = โ‚น2,000 After 10% and 5% consecutive discounts โ†’ Price becomes โ‚น1,710 Assume โ‚น1,710 is the cost price (no profit/loss for shopkeeper) 20% GST on โ‚น1,710 = โ‚น342 Final price paid by customer = โ‚น1,710 + โ‚น342 = โ‚น2,052 Since GST goes to the government, the shopkeeper only gets โ‚น1,710, which is equal to the cost price. So, customer pays neither more nor less than the cost price (excluding GST).

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