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
On Rs. 100, the Tax to be paid =Rs. 12 On Rs. 13,000, the Tax to be paid =Rs. (13000×12100)=Rs. 1560 Required Amount = CostPrice + SalesTax =Rs. 13,000+ Rs. 1,560 =Rs. 14,560 Thus, Vinod will have to pay Rs. 14,560 for the T.V.