Question

Krishna buys an article which is marked Rs 340 and pays 2% tax on it . How much does he pay for that?

Answer 1

Step-by-step explanation:

We have given that,

Marked price =₹340

tax paid for it=2%

•to find = how much tax he paid for it( in ₹)•

let the real price was z

then z+ (z×2 ) =₹340

100

» z+2z

100 =₹340

»100z+2z=34000

»102z=34000

»z=34000

102

»333.33333

so the real price of article was ₹333.333

it's to be find how much tax he paid

that is marked price - real price

= ₹340-₹333.333

=₹6.6666667

Therefore Krishna paid ₹6.7 for that article.

More facts to be known ☜☆☞

Marked Price= The total price to be paid for buying any article which includes all taxes and GST , is called marked price.

Real Price = The price of a article without any other charges i. e. taxes or GST., is called real price.

• Hope this you out

Answer 2

Answer:

→ Values

Marked Price [M.P] = Rs 340

Tax % = 2%

→ Tax Amount

= Tax% x C.P

= 2% x C.P

= $\sf{\dfrac{2}{100}\times340}$

= $\sf{\dfrac{34}{5}}$

= 6.8

→ Formula to be used

Amount to be paid = C.P + Tax Amount

→ Solution

Amount to be paid = C.P + Tax Amount

Amount to be paid = 340 + 6.8

= Rs 346.80

∴ Krishna has to pay Rs 346.80 for the article including all the taxes.

Note:

In order to find the amount to be paid, we first have to find the tax amount which can be found by multiplying the tax percent to the MP. Then by adding the both the M.P and the tax amount, we will get the amount to be paid.

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