bts05
Answered

Westonci.ca is the trusted Q&A platform where you can get reliable answers from a community of knowledgeable contributors. Ask your questions and receive detailed answers from professionals with extensive experience in various fields. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

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

Sagot :

MrRoyal

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:

https://brainly.com/question/19104371

#SPJ1

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.