Question

The marked price of a shirt is Rs. 2400, and the actual selling price is Rs. 2688. Find the tax and

the rate of tax.

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Answer 1

Answer:

The tax is SP-MP

2688-2400

=288

Rate of tax is 12%

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Answer 2

Your Question :

The marked price of a shirt is ₹2400, and the actual selling price after 12% tax is ₹2688. Find the tax and the rate of tax.

Given :

• Marked price (MP) of a shirt = ₹2400
• Selling price (SP) after 12% tax = ₹2688

To Find :

• the tax
• the rate of tax

Solution :

MP of a shirt = ₹2400

Actual price = ₹2688

We know,

➻ Tax = Actual Price (AP) - Marked Price (MP)

ㅤㅤ ⟼ ₹2688 - ₹2400

ㅤㅤ ⟼ ₹288

$\sf{{ \: ➻ \:T ax\% \: or \: rate \: of \: tax \: = }{ \: \frac{Tax \: × \: 100}{MP} }}$

$\sf{{ \: : \: ⟼ \frac{288 \times 100}{2400} }{ \: = 12\%}}$

Therefore :

∴ The tax is ₹288 and the rate of tax is 12%.

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