Question

find the total amount paid by a customer if he pays sales tax of 8% on the goods purchased for ₹16, 000​

Answer 1

➤ Given :-

Cost price of the goods :- ₹16000

Tax percentage :- 8%

➤ To Find :-

Selling price including tax of the goods purchased

How to do :-

Here, we know that the cost price of goods is ₹16000 and the tax percentage is 8%. We should find the selling price of the goods. So, first we should find the value of the tax charges in the numerical format by finding 8% of 16000. Then, we should add tye cost price and the tax to get the selling price.

➤ Solution :-

Tax rupees :-

${\tt \longrightarrow 8 \bf\% \tt \: \: of \: \: 16000}$

${\tt \longrightarrow \dfrac{8}{100} \times 16000}$

${\tt \longrightarrow \dfrac{8}{\cancel{100}} \times \cancel{16000} = \dfrac{8 \times 160}{1}}$

${\tt \longrightarrow 8 \times 160 = \boxed{\tt 1280}}$

Now,

Selling price :-

${\tt \longrightarrow 16000 + 1280}$

${\tt \longrightarrow \boxed{\tt Rs \: \: 17280}}$

$\Huge\therefore$ The selling price of the goods with tax is ₹17280.

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$\dashrightarrow$ Some related formulas :-

Profit :- ${\boxed{\tt SP-CP}}$

Loss :- ${\boxed{\tt CP-SP}}$

Profit percentage :- ${\boxed{\tt\dfrac{Profit}{CP} \times 100}}$

Loss percentage :- ${\boxed{\tt\dfrac{Loss}{CP} \times 100}}$

Cost price :- ${\boxed{\tt\dfrac{100}{(100 + Profit \bf\%)} \times SP}}$

Selling price :- ${\boxed{\tt\dfrac{(100 + Profit \bf\%)}{100} \times CP}}$

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More to know :-

• Cost price is the amount at which an item is bought.
• Selling price is the amount at which an item is sold.
• Profit is obtained when the selling price is greater than the cost price.
• Loss is obtained when the cost price is greater than the selling price.