Question

Julian went to market and bought fish and worth rs 30 out of which 50 paisa was spent as sales tax what is the cost of tax free items if the tax rate Is 5%​

Answer 1

Answer:

fish including tax = 30rs

the tax =0.5 rs

the cost of fish without tax will 29.5

nearest integar answer will be 30 rs

Answer 2

Given:

Julian went to market and bought fish worth of Rs 30

Out of that 50 paisa was spent as sales tax.

The tax rate Is 5%​

To find:

The cost of tax free items.

Solution:

Let the amount of taxable items be 'x'

The tax rate Is 5%​

50 paisa was spent as sales tax.

5% of x = 50 paise

$\frac{5}{100}$ × $x$ = Rs $\frac{50}{100}$

x = $\frac{50}{100}$ × $\frac{100}{5}$

x = Rs 10

Total amount of taxable items = 10 + 0.50

Total amount of taxable items = Rs 10.50

Therefore,

Cost of tax free items = 30 - 10.50

Cost of tax free items = Rs 19.50

Final answer:

The cost of tax free items is Rs 19.50