Mathematics
The price of an article is ₹ 8,250 which includes tax at 10%. Find how much more or less does a customer pay for the article, if the tax on the article:
(i) increases to 15%
(ii) decreases to 6%
(iii) increases by 2%
(iv) decreases by 3%.
Profit, Loss & Discount
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Answer
Given:
The selling price of an article = ₹ 8,250
and, Tax = 10% of marked price
Let the marked price be ₹ .
(i) Marked price of the article = ₹ 7,500
And, Tax = 15% of marked price
Total amount paid = ₹ 7,500 + ₹ 1,125
= ₹ 8,625
Difference in selling price = ₹ 8,625 - ₹ 8,250
= ₹ 375
Hence, the customer has to pay ₹ 375 more for the article when tax is increased by 15%.
(ii) Marked price of the article = ₹ 7,500
And, Tax = 6% of marked price
Total amount paid = ₹ 7,500 + ₹ 450
= ₹ 7,950
Difference in selling price = ₹ 8,250 - ₹ 7,950
= ₹ 300
Hence, the customer has to pay ₹ 300 less for the article when tax was decreased by 6%.
(iii) Marked price of the article = ₹ 7,500
Tax is increased by 2% means (10% + 2%) = 12%
Increased Tax = 12% of marked price
Total amount paid = ₹ 7,500 + ₹ 900
= ₹ 8,400
Difference in selling price = ₹ 8,400 - ₹ 8,250
= ₹ 150
Hence, the customer has to pay ₹ 150 more for the article when tax is increased to 2%.
(iv) Marked price of the article = ₹ 7,500
Tax is decreased by 3% means (10% - 3%) = 7%.
Decreased Tax = 7% of marked price
Total amount paid = ₹ 7,500 + ₹ 525
= ₹ 8,025
Difference in selling price = ₹ 8,250 - ₹ 8,025
= ₹ 225
Hence, the customer has to pay ₹ 225 less for the article when tax is decreased to 3%.
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