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A Toy is Purchased for Rs. 591.36 Which Includes 12% Rebate on the Printed Price and 12% Sales Tax on the Sale Price of the Toy Find the Printed Price of the Toy. - ICSE Class 10 - Mathematics

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Question

A toy is purchased for Rs. 591.36 which includes 12% rebate on the printed price and 12% sales tax on the sale price of the toy find the printed price of the toy.

Solution

Let printed price = Rs. y
Discount% = 12%
∴ Sale price = Rs.`y(1-12/100)=yxx88/100=Rs.(22y)/25`
Rate of sales tax = 12%
Purchase price= Rs. 591.36
According to question
Sale price + sales tax = Rs. 591.36
`Rs.(22y)/25+12% of  (22y)/25 `= Rs. 591.36

⇒ `(22y)/25+(66y)/625` = Rs. 591.36

⇒ `(616y)/625`= Rs. 591.36

⇒`y=(591.36xx625)/616`= Rs. 600 Ans

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Solution A Toy is Purchased for Rs. 591.36 Which Includes 12% Rebate on the Printed Price and 12% Sales Tax on the Sale Price of the Toy Find the Printed Price of the Toy. Concept: Introduction to Sales Tax and Value Added Tax.
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