Ghafoor went to the stationers and bought things worth Rs. 25, out of which 30 paise went on sales tax on taxable purchases. If the tax rate was 6%, then what was the cost of the tax free items?
  1. Rs. 15
  2. Rs. 19.70
  3. Rs. 15.70
  4. None of these
Explanation

Total cost of items = Rs. 25

Tax amount = 30 paise = Rs. 0.30

Tax rate = 6%

Let's find the cost of the taxable items:

Tax amount = 6% of taxable items

0.30 = (6/100) × taxable items

Taxable items = 0.30 × (100/6) = Rs. 5

Now, let's find the cost of the tax-free items:

Cost of tax-free items = Total cost - Taxable items - Tax amount

= 25 - 5 - 0.30

= Rs. 19.70

Related MCQs

  1. 20%
  2. 10%
  3. 15%
  4. 25%
اس سوال کو وضاحت کے ساتھ پڑھیں

  1. 25
  2. 30
  3. 20
  4. None of these
اس سوال کو وضاحت کے ساتھ پڑھیں

  1. 20%
  2. 18%
  3. 25%
  4. None of these
اس سوال کو وضاحت کے ساتھ پڑھیں

  1. Rs. 195
  2. Rs. 192
  3. Rs. 194
  4. None of these
اس سوال کو وضاحت کے ساتھ پڑھیں

  1. Rs. 62400
  2. Rs. 60000
  3. Rs. 61500
  4. None of these
اس سوال کو وضاحت کے ساتھ پڑھیں

Leave a Reply

Your email address will not be published. Required fields are marked *

1 + 2 = ?



All Rights Reserved © TestPoint.pk