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 14176, including sales tax. If the actual cost price of the refrigerator is 13764 , Find the rate of sales tax.



Answer:_______________




2)  

 A refrigerator is purchased for 14258, including sales tax. If the actual cost price of the refrigerator is 13625 , Find the rate of sales tax.



Answer:_______________




3)  

 A refrigerator is purchased for 14705, including sales tax. If the actual cost price of the refrigerator is 13513 , Find the rate of sales tax.



Answer:_______________




4)  

 A refrigerator is purchased for 14953, including sales tax. If the actual cost price of the refrigerator is 13014 , Find the rate of sales tax.



Answer:_______________




5)  

 A refrigerator is purchased for 14762, including sales tax. If the actual cost price of the refrigerator is 13975 , Find the rate of sales tax.



Answer:_______________




6)  

 A refrigerator is purchased for 14072, including sales tax. If the actual cost price of the refrigerator is 13601 , Find the rate of sales tax.



Answer:_______________




7)  

 A refrigerator is purchased for 14276, including sales tax. If the actual cost price of the refrigerator is 13605 , Find the rate of sales tax.



Answer:_______________




8)  

 A refrigerator is purchased for 14846, including sales tax. If the actual cost price of the refrigerator is 13064 , Find the rate of sales tax.



Answer:_______________




9)  

 A refrigerator is purchased for 14192, including sales tax. If the actual cost price of the refrigerator is 13414 , Find the rate of sales tax.



Answer:_______________




10)  

 A refrigerator is purchased for 14558, including sales tax. If the actual cost price of the refrigerator is 13935 , Find the rate of sales tax.



Answer:_______________




 

1)  

 A refrigerator is purchased for 14176, including sales tax. If the actual cost price of the refrigerator is 13764 , Find the rate of sales tax.

Answer: 3


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14176

Cost price                                     =    13764

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14176-13764

                                                      =    412

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

                                                    =    (412÷13764) x 100

                                                    = 2.99

                                                   = 3



2)  

 A refrigerator is purchased for 14258, including sales tax. If the actual cost price of the refrigerator is 13625 , Find the rate of sales tax.

Answer: 5


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14258

Cost price                                     =    13625

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14258-13625

                                                      =    633

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

                                                    =    (633÷13625) x 100

                                                    = 4.65

                                                   = 5



3)  

 A refrigerator is purchased for 14705, including sales tax. If the actual cost price of the refrigerator is 13513 , Find the rate of sales tax.

Answer: 9


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14705

Cost price                                     =    13513

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14705-13513

                                                      =    1192

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

                                                    =    (1192÷13513) x 100

                                                    = 8.82

                                                   = 9



4)  

 A refrigerator is purchased for 14953, including sales tax. If the actual cost price of the refrigerator is 13014 , Find the rate of sales tax.

Answer: 15


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14953

Cost price                                     =    13014

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14953-13014

                                                      =    1939

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

                                                    =    (1939÷13014) x 100

                                                    = 14.90

                                                   = 15



5)  

 A refrigerator is purchased for 14762, including sales tax. If the actual cost price of the refrigerator is 13975 , Find the rate of sales tax.

Answer: 6


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14762

Cost price                                     =    13975

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14762-13975

                                                      =    787

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

                                                    =    (787÷13975) x 100

                                                    = 5.63

                                                   = 6



6)  

 A refrigerator is purchased for 14072, including sales tax. If the actual cost price of the refrigerator is 13601 , Find the rate of sales tax.

Answer: 3


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14072

Cost price                                     =    13601

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14072-13601

                                                      =    471

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

                                                    =    (471÷13601) x 100

                                                    = 3.46

                                                   = 3



7)  

 A refrigerator is purchased for 14276, including sales tax. If the actual cost price of the refrigerator is 13605 , Find the rate of sales tax.

Answer: 5


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14276

Cost price                                     =    13605

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14276-13605

                                                      =    671

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

                                                    =    (671÷13605) x 100

                                                    = 4.93

                                                   = 5



8)  

 A refrigerator is purchased for 14846, including sales tax. If the actual cost price of the refrigerator is 13064 , Find the rate of sales tax.

Answer: 14


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14846

Cost price                                     =    13064

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14846-13064

                                                      =    1782

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

                                                    =    (1782÷13064) x 100

                                                    = 13.64

                                                   = 14



9)  

 A refrigerator is purchased for 14192, including sales tax. If the actual cost price of the refrigerator is 13414 , Find the rate of sales tax.

Answer: 6


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14192

Cost price                                     =    13414

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14192-13414

                                                      =    778

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

                                                    =    (778÷13414) x 100

                                                    = 5.80

                                                   = 6



10)  

 A refrigerator is purchased for 14558, including sales tax. If the actual cost price of the refrigerator is 13935 , Find the rate of sales tax.

Answer: 4


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14558

Cost price                                     =    13935

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14558-13935

                                                      =    623

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

                                                    =    (623÷13935) x 100

                                                    = 4.47

                                                   = 4