Select the correct answerIf 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?Options150Rs.146.66200348
Question
Select the correct answerIf 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?Options150Rs.146.66200348
Solution
To solve this problem, we need to calculate the difference in the amount of sales tax before and after the reduction.
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 before the reduction. Sales tax before = Marked price x Sales tax rate before Sales tax before = 8000 x 0.0433 = Rs. 346.4
Step 3: Calculate the amount of sales tax after the reduction. Sales tax after = Marked price x Sales tax rate after Sales tax after = 8000 x 0.025 = Rs. 200
Step 4: Calculate the difference in the amount of sales tax. Difference = Sales tax before - Sales tax after Difference = 346.4 - 200 = Rs. 146.4
So, the correct answer is Rs. 146.4. However, this option is not available in the given options. The closest option is Rs. 146.66.
Similar Questions
Select the correct answerAn item is sold for Rs.7130 making a 15% profit. What is the cost price (in Rs) of this item?Options6125600062506200
A bag marked at Rs90 is sold for Rs72. The rate of discount is:Options20%25%15%10%
Select the correct answerA vendor buys bananas at 4 for Rs.3 and sells at 3 for Rs.4. What will be the result?Options75% profit77.7% profit43.75% loss77.7% loss
Select the correct answerA man purchased a carriage and horse in Rs.1500. By selling the horse at 10% loss and carriage at 20% profit he earned a profit of 8% on the whole transaction. What is the price of carriage (in Rs.)?Options400500650900
An article costs Rs. 500 and the marked price is mentioned as Rs. 800. What is the profit % for the seller if he sells and offers a discount of 10% on the marked price?
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.