Question

Archana baught 10 g of gold fo 32376 including 14% tax. Finf rate of gold per 10g.

Answer 1

$cp = 32376 \\ tax = 14\% \\ rate \: of \: gold \: = \frac{32376 \times 100}{114} \\ rate \: of \: gold = 28400$

Answer 2

S.P of gold bought by archana= Rs.32376

Tax = 14%

Let,

M.P of gold = Rs. x

$\rightarrow \: \frac{14}{100 } \: \times x$

$\rightarrow \: \frac{7x}{50}$

$\therefore \: Rs.x + \frac{Rs. \: 7x}{50} = 32376$

$\frac{50x}{7x} = 32376$

$\frac{57x}{50} = 32376$

$x = \frac{32376 \times 50}{57}$

$= 568 \times 50$

$= 28400$

Tax :

The government needs a lot of money to build schools, colleges, hospitals, etc., for the Welfare of the public. So, the government imposes different taxes,

The government needs a lot of money to build schools, colleges, hospitals, etc., for the Welfare of the public. So, the government imposes different taxes, Example : Income Tax (IT), Sales Tax , Service Tax , Value Added Tax (VAT) etc. Many of these taxes have been merged to form a tax called Goods and Services Tax (GST) already introduced in India on 1st July 2017.