a man purchased a bundle of cloth with a list price of rs. 20,000 and a sales tax of 10% on it. he paid rs. 25,000 to the shopkeeper. the money he got back was:
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10
Answer:
Explanation:
3000
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4
Given:
The list price of cloth bundle=Rs. 20,000
Sales tax=10%
Payment made=Rs.25,000
To find:
The difference between the payment made and the actual payment
Solution:
We can find the solution by following the process given below-
We know that the sales tax will be calculated on the list price.
Sales tax= 10% of list price
=10% of 20,000
=Rs. 2,000
Total amount payable= list price+ sales tax
=20,000+2,000
= Rs. 22,000
The money he got back= Money paid- money payable
=25,000-22,000
= Rs. 3,000
Therefore, the man got Rs.3,000 back.
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