Question

Varun spent Rs. 9 lakh on purchasing and altering his new car. He spent 7% on speakers and woofers, 5% on alloy wheels, 2% on insurance, 4%on repainting, 9% on interiors and the remaining was the actual cost of the car. If Road Tax, charged at 10%, is included in the actual cost of the car,calculate the amount of Road Tax?Pick ONE optionA) Rs. 50230B) Rs. 65700C) Rs. 59727D) Rs. 51354Clear Selection​

Answer 1

Answer:

Varun spent money on purchasing and altering his new car = Rs. 900000

Spent 7% on speakers and woofers =>

7% of 900000

(7/100) * 900000

63000

Spent 5% on alloy wheels =>

5% of 900000

(5/100) * 900000

45000

Spent 2% on insurance =>

2% of 900000

(2/100) * 900000

18000

Spent 4% on repainting =>

4% of 900000

(4/100) * 900000

36000

Spent 9% on interiors =>

9% of 900000

(9/100) * 900000

81000

Actual cost of the car = Total cost - Altering of car i.e. speakers and woofers, allow wheels, insurance, repainting, interiors

Actual cost of the car = 900000 - (63000 + 45000 + 18000 + 36000 + 81000)

Actual cost of the car = 900000 - 243000

Actual cost of the car = Rs. 657000

Now, it says Road tax is included in actual cost of car,

Road Tax charged = 10%

Road Tax Amount = 10% of 657000 = (10/100) * 657000 = Rs. 65700

The amount of Road Tax is B) Rs. 65700

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Answer 2

Given :  Varun spent Rs. 9 lakh on purchasing and altering his new car. He spent 7% on speakers and woofers, 5% on alloy wheels, 2% on insurance, 4% on repainting, 9% on interiors and the remaining was the actual cost of the car.

To find : Amount of Road Tax

Solution:

Total Amount Spent  = 900000  Rs  ( 9 lakh)  

Spent on Speaker  = 7 %

Alloy = 5 %

Insurance = 2 %

Repainting = 4 %

Interiors = 9 %

Total  = 7 + 5 + 2 + 4 + 9  = 27 %

Remaining Cost = Actual Cost of Car =  900000 - (27/100)900000

= 900000 - 243000

= 657000  Rs

actual cost of the car includes 10 % Road tax

Car cost before Road Tax  =   C

10 % Road Tax  = (10/100)C  = 0.1C

C + 0.1C  = 657000

=> 1.1C = 657000

=> C = 5,97,272.73

0.1C  = 59727 . 27  Rs

= 59727 Rs

amount of Road Tax  = Rs 59727 Rs

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