Problema Solution
A toy is purchased for Rs.591.36 which includes 12% rebate on the printed price and 12% sales tax on the sale price of the toy. Find the printed price of the toy.
Answer provided by our tutors
let 'x' represent the printed price
the rebate is then 0.12x
the price equation without tax becomes:
x - 0.12x
12% sales tax is then:
0.12(x-0.12x)
we solve for x through this equation:
591.36 = (x-0.12x) + 0.12(x-0.12x)
solving for 'x' we have
x=600
the printed price is Rs.600