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 14115, including sales tax. If the actual cost price of the refrigerator is 13254 , Find the rate of sales tax.



Answer:_______________




2)  

 A refrigerator is purchased for 14026, including sales tax. If the actual cost price of the refrigerator is 13253 , Find the rate of sales tax.



Answer:_______________




3)  

 A refrigerator is purchased for 14230, including sales tax. If the actual cost price of the refrigerator is 13956 , Find the rate of sales tax.



Answer:_______________




4)  

 A refrigerator is purchased for 14983, including sales tax. If the actual cost price of the refrigerator is 13131 , Find the rate of sales tax.



Answer:_______________




5)  

 A refrigerator is purchased for 14200, including sales tax. If the actual cost price of the refrigerator is 13817 , Find the rate of sales tax.



Answer:_______________




6)  

 A refrigerator is purchased for 14420, including sales tax. If the actual cost price of the refrigerator is 13639 , Find the rate of sales tax.



Answer:_______________




7)  

 A refrigerator is purchased for 14486, including sales tax. If the actual cost price of the refrigerator is 13406 , Find the rate of sales tax.



Answer:_______________




8)  

 A refrigerator is purchased for 14530, including sales tax. If the actual cost price of the refrigerator is 13079 , Find the rate of sales tax.



Answer:_______________




9)  

 A refrigerator is purchased for 14283, including sales tax. If the actual cost price of the refrigerator is 13105 , Find the rate of sales tax.



Answer:_______________




10)  

 A refrigerator is purchased for 14487, including sales tax. If the actual cost price of the refrigerator is 13283 , Find the rate of sales tax.



Answer:_______________




 

1)  

 A refrigerator is purchased for 14115, including sales tax. If the actual cost price of the refrigerator is 13254 , Find the rate of sales tax.

Answer: 7


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14115

Cost price                                     =    13254

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14115-13254

                                                      =    861

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

                                                    =    (861÷13254) x 100

                                                    = 6.50

                                                   = 7



2)  

 A refrigerator is purchased for 14026, including sales tax. If the actual cost price of the refrigerator is 13253 , Find the rate of sales tax.

Answer: 6


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14026

Cost price                                     =    13253

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14026-13253

                                                      =    773

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

                                                    =    (773÷13253) x 100

                                                    = 5.83

                                                   = 6



3)  

 A refrigerator is purchased for 14230, including sales tax. If the actual cost price of the refrigerator is 13956 , Find the rate of sales tax.

Answer: 2


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14230

Cost price                                     =    13956

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14230-13956

                                                      =    274

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

                                                    =    (274÷13956) x 100

                                                    = 1.96

                                                   = 2



4)  

 A refrigerator is purchased for 14983, including sales tax. If the actual cost price of the refrigerator is 13131 , Find the rate of sales tax.

Answer: 14


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14983

Cost price                                     =    13131

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14983-13131

                                                      =    1852

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

                                                    =    (1852÷13131) x 100

                                                    = 14.10

                                                   = 14



5)  

 A refrigerator is purchased for 14200, including sales tax. If the actual cost price of the refrigerator is 13817 , Find the rate of sales tax.

Answer: 3


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14200

Cost price                                     =    13817

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14200-13817

                                                      =    383

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

                                                    =    (383÷13817) x 100

                                                    = 2.77

                                                   = 3



6)  

 A refrigerator is purchased for 14420, including sales tax. If the actual cost price of the refrigerator is 13639 , Find the rate of sales tax.

Answer: 6


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14420

Cost price                                     =    13639

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14420-13639

                                                      =    781

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

                                                    =    (781÷13639) x 100

                                                    = 5.73

                                                   = 6



7)  

 A refrigerator is purchased for 14486, including sales tax. If the actual cost price of the refrigerator is 13406 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14486

Cost price                                     =    13406

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14486-13406

                                                      =    1080

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

                                                    =    (1080÷13406) x 100

                                                    = 8.06

                                                   = 8



8)  

 A refrigerator is purchased for 14530, including sales tax. If the actual cost price of the refrigerator is 13079 , Find the rate of sales tax.

Answer: 11


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14530

Cost price                                     =    13079

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14530-13079

                                                      =    1451

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

                                                    =    (1451÷13079) x 100

                                                    = 11.09

                                                   = 11



9)  

 A refrigerator is purchased for 14283, including sales tax. If the actual cost price of the refrigerator is 13105 , Find the rate of sales tax.

Answer: 9


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14283

Cost price                                     =    13105

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14283-13105

                                                      =    1178

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

                                                    =    (1178÷13105) x 100

                                                    = 8.99

                                                   = 9



10)  

 A refrigerator is purchased for 14487, including sales tax. If the actual cost price of the refrigerator is 13283 , Find the rate of sales tax.

Answer: 9


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14487

Cost price                                     =    13283

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14487-13283

                                                      =    1204

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

                                                    =    (1204÷13283) x 100

                                                    = 9.06

                                                   = 9