If the sales tax be reduced from 7/2% to 10/3% then what difference does it make to a person who purchase an article with price of 8400?
Answer (1)
8th Aug, 2018
Hello Dhivya,
It will result in a decrease in price.
Original price: 8400+ (3.5×84)
New price: 8400+ (3.33×84).
Reduction: 3.17×84= Rs. 266.28
Therefore, it will increase his capacity to buy goods.
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