Question
Mathematics Question on Profit and Loss
Vishal goes to a shop to buy a radio costing Rs 2568. The rate of sales tax is 7%. He tells the shopkeeperto reduce the price of the radio to such an extent that he has to pay Rs 2568, inclusive of sales tax. Find the reduction needed in the price of the radio.
A
Rs 179.76
B
Rs 170
C
Rs 168
D
Rs 169
Answer
Rs 168
Explanation
Solution
Let's Assume the reduced price of the radio be Rs.x
According to the question, Reduced Price + Sale tax = Rs. 2568
So,
x+1007x=2568
=100107x=2568
= x=1072568×100
x=24×100=2400
So, the reduction needed in the price of the radio. = 2568 - 2400
= Rs.168
The correct option is (C): Rs.168