Question

What is the S.P. of a book if its C.P. is Tk 1080 & Sales tax charged is 5%?​

Answer 1

Answer:

Sale Price: It is the price after subtracting discount from the list price. i.e. Sale Price=List price-Discount.

Sales Tax is calculated on the Sale Price.

Sales Tax= \dfrac{Rate \: of \: Sales \: Tax \times Sale \: Price}{100}

Rate of Sales Tax= \dfrac{Sales Tax}{Sale Price} \times 100 \%

The amount of money of money paid by a customer for an article= The Sale Price of the article + Sales Tax on it.

If P be the printed price of a commodity, the rate of sales tax be r% and S be the selling price then

S=P(1+\dfrac{r}{100}) and Sales Tax=S-P= \dfrac{P \times r}{100}