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Question
An increase of 4% on the sales tax of an article led to an increase of Rs 480 on the selling price of the article. Find the marked price of the article.
Solution
The increase in price of the article is only because of increase in amount of sales tax.
Let marked price be x
And increase in amount of sales tax is
=(Increase in rate of sales tax) x Price/100
This amount is given as Rs.480.
Also it is given
Increase in rate of sales tax = 4 %
Therefore:
Rs 480 = `x xx 4/100`
Rs 480 = `(4 x)/100`
x = Rs 480 x 25 = Rs12, 000
Thus marked price of the article is Rs. 12,000
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