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.
Answers
Answered by
16
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
Tax = t=120%
Amount has to pay =x(100+t)/100
=300000(100+120)/100
=3000*220
=Rs660000
Answered by
13
Original cost=300000
Tax=120%
Amount paid=x (100+120)/100
=300000×220
=660000
Tax=120%
Amount paid=x (100+120)/100
=300000×220
=660000
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