the price of an article is RS 8250, which includes sales tax at 10%. find how much more or less does a customer pay for the article if the sales tax on the article:
1) increases to 15%
2) decreases to 6%
3) increases by 2%
4) decreases by 3%
Answers
Here is your answer--------
Let sale price of article = Rs y
Total price inclusive of sales tax= Rs8,250
Rate of sales tax= 10%
8250 = y + 10% of y
Therefore, y = Rs.7500
According to question
(i)New rate of sales tax= 15%
New total price =Rs7,500+15% of Rs7,500
=Rs7,500 + Rs1,125=Rs8,625
More money paid = Rs8,625 - Rs8,250 = Rs375 Ans.
(ii)New rate of sales tax = 6%
New total price= Rs7,500 + 6% of Rs7,500
= Rs7,500 +Rs450 = Rs7,950
Less money paid = Rs8,250 - Rs7,950= Rs300 Ans.
(iii)New rate of sales tax=(10+2)%=12%
New total price= Rs7,500+ 12% of Rs7,500
= Rs7,500+ Rs900= Rs8,400
More money paid= Rs8,400 -Rs8,250= Rs150 Ans.
(iv)New rate of sales tax=(10-3)%= 7%
New total price = Rs7,500+ 7% of Rs7,500
= Rs7,500 + Rs525= Rs8,025
Less money paid = Rs8,250 -Rs8,025 = Rs225 Ans.
Hope it will help u.
Have a nice day.
Total price inclusive of sales tax= Rs8,250
Rate of sales tax= 10%
8250 = y + 10% of y
Therefore, y = Rs.7500
According to question
(i)New rate of sales tax= 15%
New total price =Rs7,500+15% of Rs7,500
=Rs7,500 + Rs1,125=Rs8,625
More money paid = Rs8,625 - Rs8,250 = Rs375 Ans.
(ii)New rate of sales tax = 6%
New total price= Rs7,500 + 6% of Rs7,500
= Rs7,500 +Rs450 = Rs7,950
Less money paid = Rs8,250 - Rs7,950= Rs300 Ans.
(iii)New rate of sales tax=(10+2)%=12%
New total price= Rs7,500+ 12% of Rs7,500
= Rs7,500+ Rs900= Rs8,400
More money paid= Rs8,400 -Rs8,250= Rs150 Ans.
(iv)New rate of sales tax=(10-3)%= 7%
New total price = Rs7,500+ 7% of Rs7,500
= Rs7,500 + Rs525= Rs8,025
Less money paid = Rs8,250 -Rs8,025 = Rs225