ram bought a painting for ₹3762.50 including a tax of 7.5%. find the price before tax was added
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Step-by-step explanation:
Sp = ₹ 3762.50
tax = 7.5 %
Cp = ?
Tax amount = ?
Formula of tax amount = Sp × ( Tax rate / 100 )
tax amount = ₹ 3762 . 50 × ( 7 . 5 / 100 )
Tax amount = ₹ 282 . 18
Cp = Sp - tax amount
Cp = ₹ ( 3762 . 50 - 282 . 18 )
Cp = ₹ 3480 . 32
So , Cost price is ₹ 3480 . 32
Hence , proved h.p
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