Gain Loss Discount Tax
1. Problem 1: Rajesh's gain or loss percent.
- Cost price (CP) of 5 apples = 20
- So, CP of 1 apple = \frac{20}{5} = 4
- Selling price (SP) of 6 apples = 36
- So, SP of 1 apple = \frac{36}{6} = 6
- Gain = SP - CP = 6 - 4 = 2
- Gain percent = \left(\frac{Gain}{CP}\right) \times 100 = \left(\frac{2}{4}\right) \times 100 = 50\%
2. Problem 2: Marked price of the television set.
- Let marked price = M
- Discount = 20% of M = 0.20M
- Price paid after discount = M - 0.20M = 0.80M
- Given price paid = 85000
- So, 0.80M = 85000
- M = \frac{85000}{0.80} = 106250
3. Problem 3: Single discount equivalent to successive discounts of 5%, 10%, and 25%.
- Successive discount formula: 1 - (1 - d_1)(1 - d_2)(1 - d_3)
- Convert percentages to decimals: d_1 = 0.05, d_2 = 0.10, d_3 = 0.25
- Equivalent discount = 1 - (1 - 0.05)(1 - 0.10)(1 - 0.25)
- = 1 - (0.95)(0.90)(0.75)
- = 1 - 0.64125 = 0.35875
- Equivalent discount percent = 0.35875 \times 100 = 35.875\% \approx 36\%
4. Problem 4: Price of mobile phone inclusive of tax is 13530, tax rate 10%.
(i) Original price (before tax):
- Let original price = P
- Tax = 10% of P = 0.10P
- Price inclusive of tax = P + 0.10P = 1.10P
- Given price inclusive of tax = 13530
- So, 1.10P = 13530
- P = \frac{13530}{1.10} = 12300
(ii) Amount of tax paid:
- Tax = 13530 - 12300 = 1230
Final answers:
1. Gain percent = 50%
2. Marked price = 106250
3. Single equivalent discount = 36%
4. (i) Original price = 12300
(ii) Tax paid = 1230