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 14008, including sales tax. If the actual cost price of the refrigerator is 13144 , Find the rate of sales tax.



Answer:_______________




2)  

 A refrigerator is purchased for 14289, including sales tax. If the actual cost price of the refrigerator is 13695 , Find the rate of sales tax.



Answer:_______________




3)  

 A refrigerator is purchased for 14646, including sales tax. If the actual cost price of the refrigerator is 13702 , Find the rate of sales tax.



Answer:_______________




4)  

 A refrigerator is purchased for 14214, including sales tax. If the actual cost price of the refrigerator is 13201 , Find the rate of sales tax.



Answer:_______________




5)  

 A refrigerator is purchased for 14499, including sales tax. If the actual cost price of the refrigerator is 13219 , Find the rate of sales tax.



Answer:_______________




6)  

 A refrigerator is purchased for 14506, including sales tax. If the actual cost price of the refrigerator is 13445 , Find the rate of sales tax.



Answer:_______________




7)  

 A refrigerator is purchased for 14000, including sales tax. If the actual cost price of the refrigerator is 13785 , Find the rate of sales tax.



Answer:_______________




8)  

 A refrigerator is purchased for 14830, including sales tax. If the actual cost price of the refrigerator is 13682 , Find the rate of sales tax.



Answer:_______________




9)  

 A refrigerator is purchased for 14542, including sales tax. If the actual cost price of the refrigerator is 13043 , Find the rate of sales tax.



Answer:_______________




10)  

 A refrigerator is purchased for 14812, including sales tax. If the actual cost price of the refrigerator is 13720 , Find the rate of sales tax.



Answer:_______________




 

1)  

 A refrigerator is purchased for 14008, including sales tax. If the actual cost price of the refrigerator is 13144 , Find the rate of sales tax.

Answer: 7


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14008

Cost price                                     =    13144

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14008-13144

                                                      =    864

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

                                                    =    (864÷13144) x 100

                                                    = 6.57

                                                   = 7



2)  

 A refrigerator is purchased for 14289, including sales tax. If the actual cost price of the refrigerator is 13695 , Find the rate of sales tax.

Answer: 4


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14289

Cost price                                     =    13695

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14289-13695

                                                      =    594

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

                                                    =    (594÷13695) x 100

                                                    = 4.34

                                                   = 4



3)  

 A refrigerator is purchased for 14646, including sales tax. If the actual cost price of the refrigerator is 13702 , Find the rate of sales tax.

Answer: 7


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14646

Cost price                                     =    13702

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14646-13702

                                                      =    944

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

                                                    =    (944÷13702) x 100

                                                    = 6.89

                                                   = 7



4)  

 A refrigerator is purchased for 14214, including sales tax. If the actual cost price of the refrigerator is 13201 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14214

Cost price                                     =    13201

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14214-13201

                                                      =    1013

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

                                                    =    (1013÷13201) x 100

                                                    = 7.67

                                                   = 8



5)  

 A refrigerator is purchased for 14499, including sales tax. If the actual cost price of the refrigerator is 13219 , Find the rate of sales tax.

Answer: 10


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14499

Cost price                                     =    13219

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14499-13219

                                                      =    1280

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

                                                    =    (1280÷13219) x 100

                                                    = 9.68

                                                   = 10



6)  

 A refrigerator is purchased for 14506, including sales tax. If the actual cost price of the refrigerator is 13445 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14506

Cost price                                     =    13445

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14506-13445

                                                      =    1061

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

                                                    =    (1061÷13445) x 100

                                                    = 7.89

                                                   = 8



7)  

 A refrigerator is purchased for 14000, including sales tax. If the actual cost price of the refrigerator is 13785 , Find the rate of sales tax.

Answer: 2


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14000

Cost price                                     =    13785

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14000-13785

                                                      =    215

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

                                                    =    (215÷13785) x 100

                                                    = 1.56

                                                   = 2



8)  

 A refrigerator is purchased for 14830, including sales tax. If the actual cost price of the refrigerator is 13682 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14830

Cost price                                     =    13682

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14830-13682

                                                      =    1148

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

                                                    =    (1148÷13682) x 100

                                                    = 8.39

                                                   = 8



9)  

 A refrigerator is purchased for 14542, including sales tax. If the actual cost price of the refrigerator is 13043 , Find the rate of sales tax.

Answer: 11


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14542

Cost price                                     =    13043

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14542-13043

                                                      =    1499

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

                                                    =    (1499÷13043) x 100

                                                    = 11.49

                                                   = 11



10)  

 A refrigerator is purchased for 14812, including sales tax. If the actual cost price of the refrigerator is 13720 , Find the rate of sales tax.

Answer: 8


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14812

Cost price                                     =    13720

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14812-13720

                                                      =    1092

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

                                                    =    (1092÷13720) x 100

                                                    = 7.96

                                                   = 8