Question
Download Solution PDFThe selling price of an article becomes 22/20 times the listed price due to the inclusion of sales tax. Find the rate of sales tax. (In %)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Selling price is increased by \(22 \over 20\) times
Calculation:
Let,
The listed price be 'x' and sales tax be 's'
⇒ ((100 + s)x)% = \(22 \over 20\)x
⇒ \(2000 \;+\; 20s \over 100\) = 22
⇒ 2000 + 20s = 2200
⇒ 20s = 2200 - 2000
⇒ 20s = 200
⇒ s = 10
∴ The rate of sales tax is 10%.
Last updated on Jun 12, 2025
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