Ramesh went to a shop and bought a book worth Rs. 105, out of which 72 Paise went on sales tax on ta

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14 Oct 2021 Tax

Ramesh went to a shop and bought a book worth Rs. 105, out of which 72 Paise went on sales tax on taxable purchases. If the tax rate was 18%, then what was the cost of the tax free Book ?

OPtion

1. 102.20
2. 101.50
3. 99.58
4. 99.01
5. 99.1
6. 102.28
7. 100.28
8. 98.28
9. 99.28
10. None of the above

Solution

Total cost of the items he purchased = Rs.105
Given that out of this Rs.105, 72 Paise is given as tax
=> Total tax incurred = 90 Paise = Rs.72/100
Let the cost of the tax free items = x
Given that tax rate = 18%
∴ (105− 72/100 − x)18/100 = 72/100
⇒ 18(105 −0.72 −x) = 72
⇒ (105 − 0.72 − x) = 72
x = 105 − 0.72 – 4
X= 100.28

Correct Option: 7 Best Solution (1)

G.S.Kantharao   3 years AGO

A book and something costs =₹105
Tax Paid =72 pause @18%
Taxable article cost =₹4.72(Includes Tax)
Book cost =₹105-₹4.72=₹100.28
My option is 7👈

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