Question

Find the marked price of a motorbike which is bought at $ 36300 after paying a sales tax at the rate of 10%.

Answer 1

Solution

Here, the marked price or listed price P, the selling price S = $ 36300 and the rate of sales tax = 10%, i.e. r = 10

S = P(1 + r/100)

⟹ $ 36300 = P(1 + 10/100)

⟹ P × 11/10 = $ 36300

⟹ P = $ 36300 × 10/11

⟹ P = $ 3300 × 10

⟹ P = $ 33000

Therefore, the marked price is $ 33000.

Answer 2

the marked price is $ 33000.