On her first day of work at a convenience store, Jaya charged the wrong tax all day. She thought the sales tax rate was 5%, when it was actually 4%. The total amount of money Jaya collected was 25, 200. THE estimated Difference between the actual amount of money that should have been collected and the wrongly collected money collected by Jaya is.
(1) between ₹200 and ₹300
(2) more than ₹300
(3) less than ₹100
(4) between ₹100 and ₹200
Answers
Answered by
0
let the cost of items sold with out sales tax be = C
She collected 105% * C = 25, 200
Should should have collected 104% * C.
Difference = 1% of C = 25, 200 / 105
so between 200 and 300
She collected 105% * C = 25, 200
Should should have collected 104% * C.
Difference = 1% of C = 25, 200 / 105
so between 200 and 300
Answered by
1
Its answer is more than 300 because actual cost is 25200-5% i.e 1260 tax.
actual cost 25200-1260=23940
Actual sale-23940
add 4% tax i.e 957
difference 1260-957=303
so i right....
actual cost 25200-1260=23940
Actual sale-23940
add 4% tax i.e 957
difference 1260-957=303
so i right....
Similar questions
actual cost 25200-1260=23940
Actual sale-23940
add 4% tax i.e 957
difference 1260-957=303
so i right....