The marked price of a grinding machine is sh 7 500 and the hire purchase
price is 20% more of the marked price. Martha bought the machine on hire
purchase terms, paying a deposit of sh 3 000 and monthly instalments of sh
750 each. In how many months did she need to complete the payment?
A 12
B. 10
C. 8
D. 6
Answers
Answer:
Since, the shopkeeper sells the article for Rs. 7,500 and charges sales-tax at the rate of 12%.
∴ Tax charged by the shopkeeper =12% of Rs.7,500
=
100
12
× Rs.7,500=Rs.900
∵ VAT = Tax charged - Tax paid
⇒ Rs.180=Rs.900−Tax paid
⇒ Tax paid by the shopkeeper =Rs.900−Rs.180=Rs.720
If the shopkeeper buys the article for Rs. x
Tax on it =12% of Rs. x =Rs.720
⇒
100
12
x=720
⇒x=
12
720×100
⇒x=Rs.6,000
∴ The price (inclusive of tax) paid by the shopkeeper=Rs.6,000+Rs.720=Rs.6,720
Answer:
Since, the shopkeeper sells the article for Rs. 7,500 and charges sales-tax at the rate of 12%.
∴ Tax charged by the shopkeeper =12% of Rs.7,500
=
100
12
× Rs.7,500=Rs.900
∵ VAT = Tax charged - Tax paid
⇒ Rs.180=Rs.900−Tax paid
⇒ Tax paid by the shopkeeper =Rs.900−Rs.180=Rs.720
If the shopkeeper buys the article for Rs. x
Tax on it =12% of Rs. x =Rs.720
⇒
100
12
x=720
⇒x=
12
720×100
⇒x=Rs.6,000
∴ The price (inclusive of tax) paid by the shopkeeper=Rs.6,000+Rs.720=Rs.6,720
Step-by-step explanation:
PLEASE MAKE ME A BRAINLIST ANSWER