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 14640, including sales tax. If the actual cost price of the refrigerator is 13986 , Find the rate of sales tax.



Answer:_______________




2)  

 A refrigerator is purchased for 14967, including sales tax. If the actual cost price of the refrigerator is 13242 , Find the rate of sales tax.



Answer:_______________




3)  

 A refrigerator is purchased for 14157, including sales tax. If the actual cost price of the refrigerator is 13806 , Find the rate of sales tax.



Answer:_______________




4)  

 A refrigerator is purchased for 14590, including sales tax. If the actual cost price of the refrigerator is 13521 , Find the rate of sales tax.



Answer:_______________




5)  

 A refrigerator is purchased for 14691, including sales tax. If the actual cost price of the refrigerator is 13940 , Find the rate of sales tax.



Answer:_______________




6)  

 A refrigerator is purchased for 14506, including sales tax. If the actual cost price of the refrigerator is 13558 , Find the rate of sales tax.



Answer:_______________




7)  

 A refrigerator is purchased for 14395, including sales tax. If the actual cost price of the refrigerator is 13847 , Find the rate of sales tax.



Answer:_______________




8)  

 A refrigerator is purchased for 14754, including sales tax. If the actual cost price of the refrigerator is 13937 , Find the rate of sales tax.



Answer:_______________




9)  

 A refrigerator is purchased for 14820, including sales tax. If the actual cost price of the refrigerator is 13302 , Find the rate of sales tax.



Answer:_______________




10)  

 A refrigerator is purchased for 14513, including sales tax. If the actual cost price of the refrigerator is 13826 , Find the rate of sales tax.



Answer:_______________




 

1)  

 A refrigerator is purchased for 14640, including sales tax. If the actual cost price of the refrigerator is 13986 , Find the rate of sales tax.

Answer: 5


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14640

Cost price                                     =    13986

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14640-13986

                                                      =    654

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

                                                    =    (654÷13986) x 100

                                                    = 4.68

                                                   = 5



2)  

 A refrigerator is purchased for 14967, including sales tax. If the actual cost price of the refrigerator is 13242 , Find the rate of sales tax.

Answer: 13


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14967

Cost price                                     =    13242

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14967-13242

                                                      =    1725

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

                                                    =    (1725÷13242) x 100

                                                    = 13.03

                                                   = 13



3)  

 A refrigerator is purchased for 14157, including sales tax. If the actual cost price of the refrigerator is 13806 , Find the rate of sales tax.

Answer: 3


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14157

Cost price                                     =    13806

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14157-13806

                                                      =    351

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

                                                    =    (351÷13806) x 100

                                                    = 2.54

                                                   = 3



4)  

 A refrigerator is purchased for 14590, including sales tax. If the actual cost price of the refrigerator is 13521 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14590

Cost price                                     =    13521

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14590-13521

                                                      =    1069

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

                                                    =    (1069÷13521) x 100

                                                    = 7.91

                                                   = 8



5)  

 A refrigerator is purchased for 14691, including sales tax. If the actual cost price of the refrigerator is 13940 , Find the rate of sales tax.

Answer: 5


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14691

Cost price                                     =    13940

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14691-13940

                                                      =    751

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

                                                    =    (751÷13940) x 100

                                                    = 5.39

                                                   = 5



6)  

 A refrigerator is purchased for 14506, including sales tax. If the actual cost price of the refrigerator is 13558 , Find the rate of sales tax.

Answer: 7


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14506

Cost price                                     =    13558

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14506-13558

                                                      =    948

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

                                                    =    (948÷13558) x 100

                                                    = 6.99

                                                   = 7



7)  

 A refrigerator is purchased for 14395, including sales tax. If the actual cost price of the refrigerator is 13847 , Find the rate of sales tax.

Answer: 4


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14395

Cost price                                     =    13847

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14395-13847

                                                      =    548

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

                                                    =    (548÷13847) x 100

                                                    = 3.96

                                                   = 4



8)  

 A refrigerator is purchased for 14754, including sales tax. If the actual cost price of the refrigerator is 13937 , Find the rate of sales tax.

Answer: 6


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14754

Cost price                                     =    13937

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14754-13937

                                                      =    817

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

                                                    =    (817÷13937) x 100

                                                    = 5.86

                                                   = 6



9)  

 A refrigerator is purchased for 14820, including sales tax. If the actual cost price of the refrigerator is 13302 , Find the rate of sales tax.

Answer: 11


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14820

Cost price                                     =    13302

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14820-13302

                                                      =    1518

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

                                                    =    (1518÷13302) x 100

                                                    = 11.41

                                                   = 11



10)  

 A refrigerator is purchased for 14513, including sales tax. If the actual cost price of the refrigerator is 13826 , Find the rate of sales tax.

Answer: 5


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14513

Cost price                                     =    13826

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14513-13826

                                                      =    687

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

                                                    =    (687÷13826) x 100

                                                    = 4.97

                                                   = 5