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 :
₹ 500
₹ 250
₹ 50
₹ 1,500
Profit, Loss & Discount
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Answer
Selling price of an article = ₹ 1,000
and, Tax = 10% of ₹ 1,000
=
=
=
=
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
=
=
=
=
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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