Question

Kritika ordered one pizza and one garlic bread from a pizza store and paid Rs. 387 inclusive of taxes of Rs. 43. Find the tax $\%$?

Answer 1

Hint: To obtain the tax $\%$ we will use the formula of tax rate. Firstly we will find the amount of the order before the tax was added to it. Then we will divide the tax amount by the price before the tax and multiply the obtained values by $100\%$ to get our tax $\%$ and the desired answer.

Complete step by step solution:
It is given that Kritika ordered one pizza and one garlic bread from a pizza store and paid Rs. 387 inclusive of taxes of Rs. 43.
So the tax amount is given as:
Tax Amount $=Rs.43$…..$\left( 1 \right)$
The total price paid $=Rs.387$…..$\left( 2 \right)$
So the price before tax will be as follows:
Price before tax $=$ Total price – Tax amount
Substitute value from equation (1) and (2) we get:
Price before tax $=387-43$
Price before tax $=Rs.344$……$\left( 3 \right)$
So the formula for tax rate is given as:
Tax rate $=$ (Tax amount / Price before tax) $\times 100\%$
Put value from equation (1) and (3) in above we get:
Tax rate $=\dfrac{43}{344}\times 100\%$
Tax rate $=12.5\%$

Hence tax $\%$ is $12.5\%$

Note:
The amount that any person pays to the government is known as tax. Two parties involved in this tax are the taxpayer and the tax collector. The government charges fees on every item that is being sold to the customer and the money collected by it is used in the public welfare. The tax charged is always a percentage of the selling price of the item.