the price of TV set inclusive of sales tax in Rs 13530 if the rate of sales tax is 10% find its basic price
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Answered by
26
Answer:
Basic Price of TV = Rs. 12300
Step-by-step explanation:
Given: Price of TV inclusive of sasles taxes = Rs. 13530
Rate of sales tax = 10%
To find: Basic Price of TV.
Price if TV inclusive of Sales Tax = Selling Price of TV, SP = Rs. 13530
Taxes rate = 10 %
let, Price exclusive of tax = Basic Price = x
Tax money on TV set =
=
= ...................... (1)
Also, Tax Money on TV = Selling Price - Basic Price
= 13530 - x ........................(2)
LHS of Equation 1 & 2 are equal
⇒ RHS is also equal
⇒
⇒
⇒
⇒
⇒
⇒
⇒
⇒
⇒ Basic Price = Rs. 12300
Therefore, Basic Price of TV = Rs. 12300
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