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Select the correct answerIf the sales tax be reduced from 4 (1/3) % to 2 (1/2) %,then what difference does it make to a person who purchases a bag with marked price of Rs.8000?Options150Rs.146.66200348

Question

Select the correct answerIf the sales tax be reduced from 4 (1/3) % to 2 (1/2) %,then what difference does it make to a person who purchases a bag with marked price of Rs.8000?Options150Rs.146.66200348

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Solution

To solve this problem, we need to calculate the difference in the amount of sales tax before and after the reduction.

Step 1: Convert the percentages to decimal form. 4 (1/3) % = 4.33% = 0.0433 2 (1/2) % = 2.5% = 0.025

Step 2: Calculate the amount of sales tax before the reduction. Sales tax before = Marked price x Sales tax rate before Sales tax before = 8000 x 0.0433 = Rs. 346.4

Step 3: Calculate the amount of sales tax after the reduction. Sales tax after = Marked price x Sales tax rate after Sales tax after = 8000 x 0.025 = Rs. 200

Step 4: Calculate the difference in the amount of sales tax. Difference = Sales tax before - Sales tax after Difference = 346.4 - 200 = Rs. 146.4

So, the correct answer is Rs. 146.4. However, this option is not available in the given options. The closest option is Rs. 146.66.

This problem has been solved

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