find the buying price of each of the following when 5% S.T Is added on the purchase of 5 kg of flour at RS 15 per kg.
IT IS FROM THE GST CHAPTER
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11th
Applied Mathematics
Basics of financial mathematics
Tax calculation
The buying price of 5 kg of...
Maths
The buying price of 5 kg of flour at Rs.15 per kg when 5% sales tax is added, will be
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Answer
Cost of 1 kg of flour = Rs 15
Cost of 5 kg of flour = 15×5=Rs75
Sales tax = 5 %
Final cost = Sales Tax + Cost Price = 5% of75+75 =
100
5×75
+75=Rs78.75
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