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 14333, including sales tax. If the actual cost price of the refrigerator is 13644 , Find the rate of sales tax.



Answer:_______________




2)  

 A refrigerator is purchased for 14914, including sales tax. If the actual cost price of the refrigerator is 13638 , Find the rate of sales tax.



Answer:_______________




3)  

 A refrigerator is purchased for 14674, including sales tax. If the actual cost price of the refrigerator is 13546 , Find the rate of sales tax.



Answer:_______________




4)  

 A refrigerator is purchased for 14782, including sales tax. If the actual cost price of the refrigerator is 13274 , Find the rate of sales tax.



Answer:_______________




5)  

 A refrigerator is purchased for 14535, including sales tax. If the actual cost price of the refrigerator is 13763 , Find the rate of sales tax.



Answer:_______________




6)  

 A refrigerator is purchased for 14589, including sales tax. If the actual cost price of the refrigerator is 13518 , Find the rate of sales tax.



Answer:_______________




7)  

 A refrigerator is purchased for 14043, including sales tax. If the actual cost price of the refrigerator is 13885 , Find the rate of sales tax.



Answer:_______________




8)  

 A refrigerator is purchased for 14822, including sales tax. If the actual cost price of the refrigerator is 13690 , Find the rate of sales tax.



Answer:_______________




9)  

 A refrigerator is purchased for 14200, including sales tax. If the actual cost price of the refrigerator is 13727 , Find the rate of sales tax.



Answer:_______________




10)  

 A refrigerator is purchased for 14547, including sales tax. If the actual cost price of the refrigerator is 13820 , Find the rate of sales tax.



Answer:_______________




 

1)  

 A refrigerator is purchased for 14333, including sales tax. If the actual cost price of the refrigerator is 13644 , Find the rate of sales tax.

Answer: 5


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14333

Cost price                                     =    13644

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14333-13644

                                                      =    689

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

                                                    =    (689÷13644) x 100

                                                    = 5.05

                                                   = 5



2)  

 A refrigerator is purchased for 14914, including sales tax. If the actual cost price of the refrigerator is 13638 , Find the rate of sales tax.

Answer: 9


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14914

Cost price                                     =    13638

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14914-13638

                                                      =    1276

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

                                                    =    (1276÷13638) x 100

                                                    = 9.36

                                                   = 9



3)  

 A refrigerator is purchased for 14674, including sales tax. If the actual cost price of the refrigerator is 13546 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14674

Cost price                                     =    13546

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14674-13546

                                                      =    1128

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

                                                    =    (1128÷13546) x 100

                                                    = 8.33

                                                   = 8



4)  

 A refrigerator is purchased for 14782, including sales tax. If the actual cost price of the refrigerator is 13274 , Find the rate of sales tax.

Answer: 11


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14782

Cost price                                     =    13274

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14782-13274

                                                      =    1508

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

                                                    =    (1508÷13274) x 100

                                                    = 11.36

                                                   = 11



5)  

 A refrigerator is purchased for 14535, including sales tax. If the actual cost price of the refrigerator is 13763 , Find the rate of sales tax.

Answer: 6


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14535

Cost price                                     =    13763

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14535-13763

                                                      =    772

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

                                                    =    (772÷13763) x 100

                                                    = 5.61

                                                   = 6



6)  

 A refrigerator is purchased for 14589, including sales tax. If the actual cost price of the refrigerator is 13518 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14589

Cost price                                     =    13518

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14589-13518

                                                      =    1071

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

                                                    =    (1071÷13518) x 100

                                                    = 7.92

                                                   = 8



7)  

 A refrigerator is purchased for 14043, including sales tax. If the actual cost price of the refrigerator is 13885 , Find the rate of sales tax.

Answer: 1


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14043

Cost price                                     =    13885

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14043-13885

                                                      =    158

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

                                                    =    (158÷13885) x 100

                                                    = 1.14

                                                   = 1



8)  

 A refrigerator is purchased for 14822, including sales tax. If the actual cost price of the refrigerator is 13690 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14822

Cost price                                     =    13690

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14822-13690

                                                      =    1132

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

                                                    =    (1132÷13690) x 100

                                                    = 8.27

                                                   = 8



9)  

 A refrigerator is purchased for 14200, including sales tax. If the actual cost price of the refrigerator is 13727 , Find the rate of sales tax.

Answer: 3


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14200

Cost price                                     =    13727

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14200-13727

                                                      =    473

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

                                                    =    (473÷13727) x 100

                                                    = 3.45

                                                   = 3



10)  

 A refrigerator is purchased for 14547, including sales tax. If the actual cost price of the refrigerator is 13820 , Find the rate of sales tax.

Answer: 5


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14547

Cost price                                     =    13820

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14547-13820

                                                      =    727

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

                                                    =    (727÷13820) x 100

                                                    = 5.26

                                                   = 5