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The sale price of chairs is Rs. 8340 including sales tax @ 17%
Find the original price of a chair.
Answers
IMPOSSIBLE______________
Step-by-step explanation:
IMPOSSIBLE______________
7128.20
Step-by-step explanation:
Given:
The sale price of chairs is Rs. 8340 including sales tax @ 17 %.
To find:
The original price of a chair
Solution:
The sale price (including tax) of the chair = Rs. 8340
The rate of sales tax = 17%
Let's assume "x" represents the original cost price of the chair
∴ The amount of sales tax = 17% of the original cost = \frac{17}{100}x = Rs.\: 0.17x
100
17
x=Rs.0.17x
We know,
\boxed{\bold{Sales \:price = Original \:price + Tax\:amount}}
Salesprice=Originalprice+Taxamount
..... (i)
Therefore, on substituting the values in (i), we get
8340 = x + 0.17x8340=x+0.17x
\implies 8340 = 1.17x⟹8340=1.17x
\implies x = \frac{8340}{1.17}⟹x=
1.17
8340
\implies \bold{x = 7128.20}⟹x=7128.20
Thus, the original price of the chair is → Rs. 7128.20.