The original sales tax is 31.2% = 7.2%, and the new sales tax is 31.3% = 10.3%.
The price of the article is Rs. 9000.
\[ \frac{7.2 \times 9000}{100} = 315 \]
\[ \frac{10.3 \times 9000}{100} = 300 \]
\[ 315 - 300 = 15 \]
Thus, the difference in sales tax is Rs. 15.
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 |