Question

Y5 24 % tax on anything above $16 000.
out how much tax he pays.
b what percentage of his income does he pay in income tax?
a 45000 - 16000 = 29000
24% of 29 000 = 6960
He pays $6960.
6960
b
x 100 = 15-5%
This is his taxable income. He pays tax on this amount.
That is 0.24 X 29000
45 000
45 000 = 100%. The answer is rounded to one decimal pla
Exercise 11.4
1 A woman bought an old chair for $240. She sold it for $300.
The percen
Work out the percentage profit.
a percenta
2 A man bought a car for $15900. He sold it for $9500.
Work out the percentage loss.
3 A trader buys some goods for $820. When he sells them he makes a profit of 35%.
a Work out the profit, in dollars.
b Work out how much he sells them for.
4 A bottle of grape juice costs $6.50.
If you buy six bottles you can get 10% discount.
Work out how much you save if you buy six bottles.​

Answer 1

Answer:

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