During a summer sale, additional tax at the rate of $5\%$ of the discounted price is levied on discounted items. If the marked price of a shirt is 2,500, and a discount of $30\%$ is offered on the shirt during the summer sale, then what would be the final selling price of the shirt after the extra tax?

Question

During a summer sale, additional tax at the rate of $5\%$  of the discounted price is levied on discounted items. If the marked price of a shirt is 2,500, and a discount of  $30\%$  is offered on the shirt during the summer sale, then what would be the final selling price of the shirt after the extra tax?

cdquestions Admin · Accepted Answer

Step 1: Calculate the discounted price.  Discounted Price: $$ 2500 - \frac{30}{100} \times 2500 = 2500 - 750 = 1750 $$ Step 2: Apply the tax of 5% on the discounted price. Tax: $$ \frac{5}{100} \times 1750 = 87.5 $$ Step 3: Add the tax to the discounted price. Final Price: $$ 1750 + 87.5 = 1837.5 $$ Conclusion: The final price of the shirt after tax is ₹1,837.50.

Answer

Answer

₹ 1,822.50

Answer

₹ 1,837.50

Answer

List-I	List-II
(A) Confidence level	(I) Percentage of all possible samples that can be expected to include the true population parameter
(B) Significance level	(III) The probability of making a wrong decision when the null hypothesis is true
(C) Confidence interval	(II) Range that could be expected to contain the population parameter of interest
(D) Standard error	(IV) The standard deviation of the sampling distribution of a statistic

The Correct Option is C

Solution and Explanation

Top Questions on Percentage

Questions Asked in ATMA exam