Question

it needs 120% tax to import a machine from abroad.lets work out the cost of the machine here after paying the tax if it costs Rs300000 in abroad.

Answer 1

Original cost of the machine at abroad= x =Rs300000
Tax = t=120%
Amount has to pay =x(100+t)/100

=300000(100+120)/100
=3000*220
=Rs660000

Answer 2

Original cost=300000
Tax=120%
Amount paid=x (100+120)/100
=300000×220
=660000