Question
What is a Per unit Tax (or Unit
Tax)?Solution
A per unit tax, or specific tax, is a tax that is defined as a fixed amount for each unit of a good or service sold, such as cents per kilogram.
A vendor claims to sell sugar at cost price but uses a faulty scale that shows only 900 grams as 1 kg. What is the approximate profit percentage he earns?
Ravi purchased an item at a 25% reduction from its listed price and later sold it with a 10% reduction from the same price. What was Ravi's profit perce...
To clear his stock of rice, Sunil starts giving 1.2 kg of rice to customers in place of 1 kg. However, he secretly uses an 800-gram weight instead of a ...
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The ratio of cost price and selling price of a shirt is 4:5 respectively. The shirt was marked up by 30% above its cost price, and sold after giving Rs....
A shopkeeper purchased an article for Rs. ‘a’ and marked it 150% above its cost price and sold it after giving two successive discounts of 300 and 2...
- After two successive discounts of x% each, an item was sold for Rs. 2025. The original marked price of the item was Rs. 3600. Find the discount percentage.
The ratio of the cost price and selling price of a product is 3:2. If the product was marked up by 50% and later a discount of Rs. 500 was applied, dete...
Last year Mr. A bought two paintings. This year he sold them for Rs, 20,000 each. On one, he made a 25% profit and on the other he had a 25% loss. Then ...
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