the price of a tv is 13000 rs the sales tax charged on it is at the rate of 12 percent . find the amount that vinod will have to pay if he buys it
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Given that the price of the TV is Rs 13,000 and the sales tax charged on it as 12%.
If Cost Price of an article is Rs 100 then Selling Price at a profit of 12% is given by,
S
.P
.
=
100
+
12
=
112
If Cost Price of an article is Rs 1 then Selling Price is
112
100
.
If Cost Price of an article is Rs 13,000 then Selling Price is given by,
S
.P
.
=
112
100
×
13
,
000
=
Rs
14
,
560
Therefore, Vinod has to pay Rs 14,560 if he buys the TV.
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