What should be the new tax percentage on Brand 2 so that the tax collected by value for Brand 1 and 2 are the same?

12%

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16.3%

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20.25%

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24.56%

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Solution

The correct option is B
16.3%

New value of tax collected by brand 2 =9135000.

Hence new percent value of tax should be $\frac{9135000}{56000000} \times 100 = 16.3125 %$ .

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What should be the new tax percentage on Brand 2 so that the tax collected by value for Brand 1 and 2 are the same?

The correct option is B 16.3%New value of tax collected by brand 2 =9135000. Hence new percent value of tax should be 913500056000000×100=16.3125%.

The correct option is B
16.3%

New value of tax collected by brand 2 =9135000.

Hence new percent value of tax should be $\frac{9135000}{56000000} \times 100 = 16.3125 %$ .