If the sales tax be reduced from 4 (1/3) % to 2 (1/2) %,then what difference does it make to a person who purchases a bag with marked price of Rs.8000?OptionsRs.146.66200348150
Question
If the sales tax be reduced from 4 (1/3) % to 2 (1/2) %,then what difference does it make to a person who purchases a bag with marked price of Rs.8000?OptionsRs.146.66200348150
Solution
To solve this problem, we first need to calculate the amount of sales tax for the original and the reduced rates, and then find the difference between the two.
Step 1: Convert the percentages to decimal form. 4 (1/3) % = 4.33% = 0.0433 2 (1/2) % = 2.5% = 0.025
Step 2: Calculate the amount of sales tax for the original rate. Original sales tax = Rs.8000 * 0.0433 = Rs.346.4
Step 3: Calculate the amount of sales tax for the reduced rate. Reduced sales tax = Rs.8000 * 0.025 = Rs.200
Step 4: Find the difference between the original and reduced sales tax. Difference = Rs.346.4 - Rs.200 = Rs.146.4
So, the difference it makes to a person who purchases a bag with a marked price of Rs.8000 when the sales tax is reduced from 4 (1/3) % to 2 (1/2) % is Rs.146.4.
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