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 14695, including sales tax. If the actual cost price of the refrigerator is 13465 , Find the rate of sales tax.



Answer:_______________




2)  

 A refrigerator is purchased for 14329, including sales tax. If the actual cost price of the refrigerator is 13400 , Find the rate of sales tax.



Answer:_______________




3)  

 A refrigerator is purchased for 14761, including sales tax. If the actual cost price of the refrigerator is 13672 , Find the rate of sales tax.



Answer:_______________




4)  

 A refrigerator is purchased for 14480, including sales tax. If the actual cost price of the refrigerator is 13581 , Find the rate of sales tax.



Answer:_______________




5)  

 A refrigerator is purchased for 14184, including sales tax. If the actual cost price of the refrigerator is 13755 , Find the rate of sales tax.



Answer:_______________




6)  

 A refrigerator is purchased for 14108, including sales tax. If the actual cost price of the refrigerator is 13522 , Find the rate of sales tax.



Answer:_______________




7)  

 A refrigerator is purchased for 14183, including sales tax. If the actual cost price of the refrigerator is 13072 , Find the rate of sales tax.



Answer:_______________




8)  

 A refrigerator is purchased for 14001, including sales tax. If the actual cost price of the refrigerator is 13852 , Find the rate of sales tax.



Answer:_______________




9)  

 A refrigerator is purchased for 14639, including sales tax. If the actual cost price of the refrigerator is 13548 , Find the rate of sales tax.



Answer:_______________




10)  

 A refrigerator is purchased for 14319, including sales tax. If the actual cost price of the refrigerator is 13437 , Find the rate of sales tax.



Answer:_______________




 

1)  

 A refrigerator is purchased for 14695, including sales tax. If the actual cost price of the refrigerator is 13465 , Find the rate of sales tax.

Answer: 9


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14695

Cost price                                     =    13465

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14695-13465

                                                      =    1230

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

                                                    =    (1230÷13465) x 100

                                                    = 9.13

                                                   = 9



2)  

 A refrigerator is purchased for 14329, including sales tax. If the actual cost price of the refrigerator is 13400 , Find the rate of sales tax.

Answer: 7


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14329

Cost price                                     =    13400

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14329-13400

                                                      =    929

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

                                                    =    (929÷13400) x 100

                                                    = 6.93

                                                   = 7



3)  

 A refrigerator is purchased for 14761, including sales tax. If the actual cost price of the refrigerator is 13672 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14761

Cost price                                     =    13672

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14761-13672

                                                      =    1089

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

                                                    =    (1089÷13672) x 100

                                                    = 7.97

                                                   = 8



4)  

 A refrigerator is purchased for 14480, including sales tax. If the actual cost price of the refrigerator is 13581 , Find the rate of sales tax.

Answer: 7


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14480

Cost price                                     =    13581

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14480-13581

                                                      =    899

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

                                                    =    (899÷13581) x 100

                                                    = 6.62

                                                   = 7



5)  

 A refrigerator is purchased for 14184, including sales tax. If the actual cost price of the refrigerator is 13755 , Find the rate of sales tax.

Answer: 3


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14184

Cost price                                     =    13755

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14184-13755

                                                      =    429

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

                                                    =    (429÷13755) x 100

                                                    = 3.12

                                                   = 3



6)  

 A refrigerator is purchased for 14108, including sales tax. If the actual cost price of the refrigerator is 13522 , Find the rate of sales tax.

Answer: 4


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14108

Cost price                                     =    13522

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14108-13522

                                                      =    586

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

                                                    =    (586÷13522) x 100

                                                    = 4.33

                                                   = 4



7)  

 A refrigerator is purchased for 14183, including sales tax. If the actual cost price of the refrigerator is 13072 , Find the rate of sales tax.

Answer: 9


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14183

Cost price                                     =    13072

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14183-13072

                                                      =    1111

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

                                                    =    (1111÷13072) x 100

                                                    = 8.50

                                                   = 9



8)  

 A refrigerator is purchased for 14001, including sales tax. If the actual cost price of the refrigerator is 13852 , Find the rate of sales tax.

Answer: 1


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14001

Cost price                                     =    13852

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14001-13852

                                                      =    149

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

                                                    =    (149÷13852) x 100

                                                    = 1.08

                                                   = 1



9)  

 A refrigerator is purchased for 14639, including sales tax. If the actual cost price of the refrigerator is 13548 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14639

Cost price                                     =    13548

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14639-13548

                                                      =    1091

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

                                                    =    (1091÷13548) x 100

                                                    = 8.05

                                                   = 8



10)  

 A refrigerator is purchased for 14319, including sales tax. If the actual cost price of the refrigerator is 13437 , Find the rate of sales tax.

Answer: 7


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14319

Cost price                                     =    13437

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14319-13437

                                                      =    882

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

                                                    =    (882÷13437) x 100

                                                    = 6.56

                                                   = 7