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13 May 2021, 05:03
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Question Stats:
69% (02:11) correct
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The import duty on a car is 50% of its cost. An additional supplementary tax of 30% is charged on the cost plus import duty. If the total of import duty and supplementary tax is Tk. 2,85,000, what is the cost of the car?
(A) 3,00,000
(B) 3,20,000
(C) 3,75,000
(D) 4,00,000
(E) None of these
Posted from my mobile device
(A) 3,00,000
(B) 3,20,000
(C) 3,75,000
(D) 4,00,000
(E) None of these
Posted from my mobile device
13 May 2021, 05:12
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Let, the cost of car is 100x
After 50% of import duty it is 150 x
After additional supplementary tax of 30%, 150x+(15x*3)=195x
Extra 195x-100x=95x
As per condition 95x=285000
Therefore, x=3000
So cost x*100=3,00,000
Answer is A
After 50% of import duty it is 150 x
After additional supplementary tax of 30%, 150x+(15x*3)=195x
Extra 195x-100x=95x
As per condition 95x=285000
Therefore, x=3000
So cost x*100=3,00,000
Answer is A
21 Dec 2024, 11:41
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Let initial cost of the car be C.
Import duty is 50% of its cost = C/2
Supplementary Tax = 30% of cost and import duty = (30/100)(C + C/2) = (3/10)(3C/2) = 9C/20
Import duty + Supplementary tax = 285000
C/2 + 9C/20 = 285000
19C/20 = 285000
C = 300000
Answer: A
Import duty is 50% of its cost = C/2
Supplementary Tax = 30% of cost and import duty = (30/100)(C + C/2) = (3/10)(3C/2) = 9C/20
Import duty + Supplementary tax = 285000
C/2 + 9C/20 = 285000
19C/20 = 285000
C = 300000
Answer: A
