Question 8
The price of a TV is Rs 13,000. The sales tax charged on it is at the rate of 12%. Find the amount that Vinod will have to pay if he buys it.
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Solution
C.P = Rs 13,000 and S.T .rate = 12%
Let C.P be Rs 100, then S.P for purchaser = 100+12=Rs 112 ∴ When C.P is Rs 100, then S.P = Rs 112 ∴ When C.P is Rs 1, then S.P =112100 ∴ When C.P is Rs 13,000, then S.P= 112100×13000=Rs.14,560