Scroll:Life mathematics >> profit and loss >> saq (4262)

Written Instructions:

For each Multiple Choice Question (MCQ), four options are given. One of them is the correct answer. Make your choice (1,2,3 or 4). Write your answers in the brackets provided..

For each Short Answer Question(SAQ) and Long Answer Question(LAQ), write your answers in the blanks provided.

Leave your answers in the simplest form or correct to two decimal places.


 

1)  

 A refrigerator is purchased for 14221, including sales tax. If the actual cost price of the refrigerator is 13779 , Find the rate of sales tax.



Answer:_______________




2)  

 A refrigerator is purchased for 14884, including sales tax. If the actual cost price of the refrigerator is 13776 , Find the rate of sales tax.



Answer:_______________




3)  

 A refrigerator is purchased for 14576, including sales tax. If the actual cost price of the refrigerator is 13782 , Find the rate of sales tax.



Answer:_______________




4)  

 A refrigerator is purchased for 14533, including sales tax. If the actual cost price of the refrigerator is 13151 , Find the rate of sales tax.



Answer:_______________




5)  

 A refrigerator is purchased for 14627, including sales tax. If the actual cost price of the refrigerator is 13851 , Find the rate of sales tax.



Answer:_______________




6)  

 A refrigerator is purchased for 14931, including sales tax. If the actual cost price of the refrigerator is 13951 , Find the rate of sales tax.



Answer:_______________




7)  

 A refrigerator is purchased for 14944, including sales tax. If the actual cost price of the refrigerator is 13478 , Find the rate of sales tax.



Answer:_______________




8)  

 A refrigerator is purchased for 14766, including sales tax. If the actual cost price of the refrigerator is 13008 , Find the rate of sales tax.



Answer:_______________




9)  

 A refrigerator is purchased for 14405, including sales tax. If the actual cost price of the refrigerator is 13775 , Find the rate of sales tax.



Answer:_______________




10)  

 A refrigerator is purchased for 14960, including sales tax. If the actual cost price of the refrigerator is 13082 , Find the rate of sales tax.



Answer:_______________




 

1)  

 A refrigerator is purchased for 14221, including sales tax. If the actual cost price of the refrigerator is 13779 , Find the rate of sales tax.

Answer: 3


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14221

Cost price                                     =    13779

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14221-13779

                                                      =    442

Rate of sales tax                       =   (Amount of sales tax÷Cost of the iteam) x 100

                                                    =    (442÷13779) x 100

                                                    = 3.21

                                                   = 3



2)  

 A refrigerator is purchased for 14884, including sales tax. If the actual cost price of the refrigerator is 13776 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14884

Cost price                                     =    13776

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14884-13776

                                                      =    1108

Rate of sales tax                       =   (Amount of sales tax÷Cost of the iteam) x 100

                                                    =    (1108÷13776) x 100

                                                    = 8.04

                                                   = 8



3)  

 A refrigerator is purchased for 14576, including sales tax. If the actual cost price of the refrigerator is 13782 , Find the rate of sales tax.

Answer: 6


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14576

Cost price                                     =    13782

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14576-13782

                                                      =    794

Rate of sales tax                       =   (Amount of sales tax÷Cost of the iteam) x 100

                                                    =    (794÷13782) x 100

                                                    = 5.76

                                                   = 6



4)  

 A refrigerator is purchased for 14533, including sales tax. If the actual cost price of the refrigerator is 13151 , Find the rate of sales tax.

Answer: 11


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14533

Cost price                                     =    13151

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14533-13151

                                                      =    1382

Rate of sales tax                       =   (Amount of sales tax÷Cost of the iteam) x 100

                                                    =    (1382÷13151) x 100

                                                    = 10.51

                                                   = 11



5)  

 A refrigerator is purchased for 14627, including sales tax. If the actual cost price of the refrigerator is 13851 , Find the rate of sales tax.

Answer: 6


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14627

Cost price                                     =    13851

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14627-13851

                                                      =    776

Rate of sales tax                       =   (Amount of sales tax÷Cost of the iteam) x 100

                                                    =    (776÷13851) x 100

                                                    = 5.60

                                                   = 6



6)  

 A refrigerator is purchased for 14931, including sales tax. If the actual cost price of the refrigerator is 13951 , Find the rate of sales tax.

Answer: 7


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14931

Cost price                                     =    13951

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14931-13951

                                                      =    980

Rate of sales tax                       =   (Amount of sales tax÷Cost of the iteam) x 100

                                                    =    (980÷13951) x 100

                                                    = 7.02

                                                   = 7



7)  

 A refrigerator is purchased for 14944, including sales tax. If the actual cost price of the refrigerator is 13478 , Find the rate of sales tax.

Answer: 11


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14944

Cost price                                     =    13478

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14944-13478

                                                      =    1466

Rate of sales tax                       =   (Amount of sales tax÷Cost of the iteam) x 100

                                                    =    (1466÷13478) x 100

                                                    = 10.88

                                                   = 11



8)  

 A refrigerator is purchased for 14766, including sales tax. If the actual cost price of the refrigerator is 13008 , Find the rate of sales tax.

Answer: 14


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14766

Cost price                                     =    13008

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14766-13008

                                                      =    1758

Rate of sales tax                       =   (Amount of sales tax÷Cost of the iteam) x 100

                                                    =    (1758÷13008) x 100

                                                    = 13.51

                                                   = 14



9)  

 A refrigerator is purchased for 14405, including sales tax. If the actual cost price of the refrigerator is 13775 , Find the rate of sales tax.

Answer: 5


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14405

Cost price                                     =    13775

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14405-13775

                                                      =    630

Rate of sales tax                       =   (Amount of sales tax÷Cost of the iteam) x 100

                                                    =    (630÷13775) x 100

                                                    = 4.57

                                                   = 5



10)  

 A refrigerator is purchased for 14960, including sales tax. If the actual cost price of the refrigerator is 13082 , Find the rate of sales tax.

Answer: 14


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14960

Cost price                                     =    13082

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14960-13082

                                                      =    1878

Rate of sales tax                       =   (Amount of sales tax÷Cost of the iteam) x 100

                                                    =    (1878÷13082) x 100

                                                    = 14.36

                                                   = 14