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Mathematics

The selling price of an article is ₹ 1,000 and the tax on it is 10%. The increase of its tax if it increases to 15% is :

  1. ₹ 500

  2. ₹ 250

  3. ₹ 50

  4. ₹ 1,500

Profit, Loss & Discount

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Answer

Selling price of an article = ₹ 1,000

and, Tax = 10% of ₹ 1,000

= 10100×1,000\dfrac{10}{100} \times ₹ 1,000

= 110×1,000\dfrac{1}{10} \times ₹ 1,000

= 1,00010₹ \dfrac{1,000}{10}

= 100₹ 100

Total amount to be paid = ₹ 1,000 + ₹ 100

= ₹ 1,100

When the selling price of the article = ₹ 1,000

and, Tax = 15% of ₹ 1,000

= 15100×1,000\dfrac{15}{100} \times ₹ 1,000

= 320×1,000\dfrac{3}{20} \times ₹ 1,000

= 3,00020₹ \dfrac{3,000}{20}

= 150₹ 150

Total amount to be paid = ₹ 1,000 + ₹ 150

= ₹ 1,150

The increase in tax = ₹ 1,150 - ₹ 1,100

= ₹ 50

Hence, option 3 is the correct option.

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