Please answer this. 15 marks for it.
An article is available for 1664 including 4% taz. Its marked price is 1600. Find the value that customer will pay for the article if the tax is increased by 6%.
Ans = 1760
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Answered by
1
Selling Price of the article including taxes = 1664
tax rate = 4%
marked price= 1600
tax amount= 1664 - 1600 = 64 (4% tax rate)
tax rate is increasedby 6%
so old tax rate + new tax rate = 4% +6% =10% = new tax rate..
Final price = marked price + tax rate = 1600 + 1600×10% = 1600 +160 = 1760
tax rate = 4%
marked price= 1600
tax amount= 1664 - 1600 = 64 (4% tax rate)
tax rate is increasedby 6%
so old tax rate + new tax rate = 4% +6% =10% = new tax rate..
Final price = marked price + tax rate = 1600 + 1600×10% = 1600 +160 = 1760
kashaf14:
why you have added (4+6 )%
Answered by
1
Price = 1600
Selling price 10% (previous 4% and current 6%) tax included = 1600 x 110/100 = Rs. 1760
soory but i don't understand why 110/100
100/100 is original price when you percentage. 10% tax that means 10/100. Now you need to CP and tax to get SP. so 100 + 10/100 = 110/100
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