Question

The price of a food processor inclusive of tax of 5 % is rs 6930 . if the tax is increased to 8 % how much more does the customer pay for it

Answer 1

Price with 5% tax = 6930 RS.

Let the actual price be x

∴ 5% of x + x =  6930

$\frac{5}{100}x  + x = 6930\\\\\frac{5x+100x}{100}=6930\\\\ \frac{105x}{100}=6930\\ \\x=6930*\frac{100}{105}\\\\x=462*\frac{100}{7} \\\\x=66*100\\\\x=6600$

∴ Actual price = Rs. 6600

∴ Price with 8% tax = 8% of 6600 + 6600

=$\frac{8}{100}*6600 + 6600\\ \\=8*66 + 6600\\\\=528 +6600\\\\= 7128Rs.$

Hence, the price with 8% tax = Rs. 7128

Hope it will help you.........