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 14650, including sales tax. If the actual cost price of the refrigerator is 13646 , Find the rate of sales tax.



Answer:_______________




2)  

 A refrigerator is purchased for 14183, including sales tax. If the actual cost price of the refrigerator is 13747 , Find the rate of sales tax.



Answer:_______________




3)  

 A refrigerator is purchased for 14030, including sales tax. If the actual cost price of the refrigerator is 13155 , Find the rate of sales tax.



Answer:_______________




4)  

 A refrigerator is purchased for 14192, including sales tax. If the actual cost price of the refrigerator is 13471 , Find the rate of sales tax.



Answer:_______________




5)  

 A refrigerator is purchased for 14463, including sales tax. If the actual cost price of the refrigerator is 13920 , Find the rate of sales tax.



Answer:_______________




6)  

 A refrigerator is purchased for 14934, including sales tax. If the actual cost price of the refrigerator is 13572 , Find the rate of sales tax.



Answer:_______________




7)  

 A refrigerator is purchased for 14237, including sales tax. If the actual cost price of the refrigerator is 13457 , Find the rate of sales tax.



Answer:_______________




8)  

 A refrigerator is purchased for 14792, including sales tax. If the actual cost price of the refrigerator is 13327 , Find the rate of sales tax.



Answer:_______________




9)  

 A refrigerator is purchased for 14873, including sales tax. If the actual cost price of the refrigerator is 13366 , Find the rate of sales tax.



Answer:_______________




10)  

 A refrigerator is purchased for 14427, including sales tax. If the actual cost price of the refrigerator is 13270 , Find the rate of sales tax.



Answer:_______________




 

1)  

 A refrigerator is purchased for 14650, including sales tax. If the actual cost price of the refrigerator is 13646 , Find the rate of sales tax.

Answer: 7


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14650

Cost price                                     =    13646

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14650-13646

                                                      =    1004

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

                                                    =    (1004÷13646) x 100

                                                    = 7.36

                                                   = 7



2)  

 A refrigerator is purchased for 14183, including sales tax. If the actual cost price of the refrigerator is 13747 , Find the rate of sales tax.

Answer: 3


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14183

Cost price                                     =    13747

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14183-13747

                                                      =    436

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

                                                    =    (436÷13747) x 100

                                                    = 3.17

                                                   = 3



3)  

 A refrigerator is purchased for 14030, including sales tax. If the actual cost price of the refrigerator is 13155 , Find the rate of sales tax.

Answer: 7


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14030

Cost price                                     =    13155

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14030-13155

                                                      =    875

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

                                                    =    (875÷13155) x 100

                                                    = 6.65

                                                   = 7



4)  

 A refrigerator is purchased for 14192, including sales tax. If the actual cost price of the refrigerator is 13471 , Find the rate of sales tax.

Answer: 5


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14192

Cost price                                     =    13471

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14192-13471

                                                      =    721

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

                                                    =    (721÷13471) x 100

                                                    = 5.35

                                                   = 5



5)  

 A refrigerator is purchased for 14463, including sales tax. If the actual cost price of the refrigerator is 13920 , Find the rate of sales tax.

Answer: 4


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14463

Cost price                                     =    13920

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14463-13920

                                                      =    543

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

                                                    =    (543÷13920) x 100

                                                    = 3.90

                                                   = 4



6)  

 A refrigerator is purchased for 14934, including sales tax. If the actual cost price of the refrigerator is 13572 , Find the rate of sales tax.

Answer: 10


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14934

Cost price                                     =    13572

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14934-13572

                                                      =    1362

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

                                                    =    (1362÷13572) x 100

                                                    = 10.04

                                                   = 10



7)  

 A refrigerator is purchased for 14237, including sales tax. If the actual cost price of the refrigerator is 13457 , Find the rate of sales tax.

Answer: 6


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14237

Cost price                                     =    13457

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14237-13457

                                                      =    780

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

                                                    =    (780÷13457) x 100

                                                    = 5.80

                                                   = 6



8)  

 A refrigerator is purchased for 14792, including sales tax. If the actual cost price of the refrigerator is 13327 , Find the rate of sales tax.

Answer: 11


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14792

Cost price                                     =    13327

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14792-13327

                                                      =    1465

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

                                                    =    (1465÷13327) x 100

                                                    = 10.99

                                                   = 11



9)  

 A refrigerator is purchased for 14873, including sales tax. If the actual cost price of the refrigerator is 13366 , Find the rate of sales tax.

Answer: 11


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14873

Cost price                                     =    13366

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14873-13366

                                                      =    1507

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

                                                    =    (1507÷13366) x 100

                                                    = 11.27

                                                   = 11



10)  

 A refrigerator is purchased for 14427, including sales tax. If the actual cost price of the refrigerator is 13270 , Find the rate of sales tax.

Answer: 9


SOLUTION 1 :

Soln:

For the refrigerator, bill amount =    14427

Cost price                                     =    13270

Sales tax                                       =   Bill amount - Cost of the iteam

                                                      =    14427-13270

                                                      =    1157

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

                                                    =    (1157÷13270) x 100

                                                    = 8.72

                                                   = 9