Price of jeans = Rs 800
Tax paid = Rs 40
Let the rate of tax be x
= x % of 800 = 40
= x/100 × 800 = 40
= x = 40 × 100 /800
= x = 40/8
= x = 5
Hence, the rate of tax is 5%
A bicycle is available for Rs. 1,664 including tax. If the list price of the bicycle is Rs. 1,600, find : (i) the rate of Tax. (ii) the price, a customer will pay for the bicycle if the tax is increased by 6%.
The price of a T.V. set inclusive of tax of 9% is Rs.13,407. Find its marked price. If tax is increased to 13%, how much more does the customer has to pay for the T.V. ?