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An import company brought into the country some amplifiers that cost sh 3750 each. The government imposed an import duty 125% and a sales tax of 20%. If the company decided to make a 10% profit on the sales, calculate the selling price of each amplifier.
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Jan 6, 2022
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Mathematics Form 1
by
Obadialebwaku
An import company brought into the country some amplifiers that cost sh 3750 each. The government imposed an import duty 125% and a sales tax of 20%. If the company decided to make a 10% profit on the sales, calculate the selling price of each amplifier.
commercial arithmetic
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Feb 9, 2022
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coyatsi
Answer is Sh 6,250
Workings
Get cost 3,750 x 125% = 4,687.50
Add profit on sales 4,687.50/ (1-10%) = 5,208.33
Add 20% tax 5,208.33 x 1.2 = KSh 6,250
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