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Find the buying price of each of the following items when a sales tax of 5% is added on them. (1) a towel of ₹50 (ii) Two bars of soap at ₹35 each. |
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Answer» Given that Sales tax = 5% (i) Cost of a towel = ₹ 50 Sales Tax = 5% of 50 = \(\frac{5}{100}\) x 50 = \(\frac{5}{2}\) = ₹ 2.50 ∴ C.P. = Net Price + Sales Tax = 50 + 2.50 = ₹ 52.50 (ii) The cost of two soaps at the rate of ₹ 35 each = 2 × 35 = ₹ 70 Sales Tax = 5% of 70 = \(\frac{5}{100}\) × 70 = \(\frac{7}{2}\) = ₹ 3.50 ∴ C.P. = Net Price + Sales Tax = 70 + 3.50 = ₹ 73.50 |
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