Question # 37
Revisit
ndy goes to a shop to buy a Walkman costing $2,250. The rate of sales tax is 6%. He wants the dealer to reduce
ne price so that he has to pay $2,000 inclusive of tax. Find the approximate reduction needed in the cost price of the
Jalkman (in percentage).
Answers
Given : . Anand goes to a shop to buy the walkman costing Rs.2250. The rate of sales tax is 6% he wants the dealer to reduce the price so that he has to pay Rs.2000 inclusive of tax.
To : Find the reduction needed in the percent of the walkman
Solution:
cost $2,250 ( with out tax )
Price after deduction = P
Sales tax = 6 %
Price to be paid = P + (6/100)P
= 1.06P
1.06P = 2000
=> P = 1,886.8 $
Deduction = 2,250 - 1886.8 = 363.2 $
Deduction in % = ( 363.2 / 2250) * 100 = 16.1 %
approximate reduction needed in the cost price of the Walkman (in percentage). = 16.1 %
Approx 16 %
Another way
Amount with tax = 2250 + (6/100)2250 = 2385
Discount = 2385 - 2000 = 385
Discount % = (385 / 2385 ) * 100 = 16.1 %
Approx 16 %
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