Question

Archana bought 10 g of gold for Rs32376, including 14% tax . find the rate ​

Answer 1

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

Tax = 14%

Let,  

M.P of gold = Rs. x  

⇒14/100 × x

⇒7x/100

∴ Rs. x + Rs. 7x/50 = 32376

⇒ 50x/7x = 32376

⇒ x = 32376 × 50/57

⇒ x = 568 × 50

⇒ x = 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 , ServiceTax , ValueAddedTax (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.