Quant Exam  >  Quant Questions  >  A man went to shop to buy mobile for Rs.3500,... Start Learning for Free
A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%. He tell the shopkeeper to reduce the price of mobile to such an extent that has to pay Rs.3500, inclusive of all taxes. Find the reduction price.
  • a)
    Rs.210
  • b)
    Rs.260
  • c)
    Rs.320
  • d)
    Rs.140
  • e)
    None of these
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
A man went to shop to buy mobile for Rs.3500, the rate of sales tax be...
To find the reduction price, we need to understand the given information and the calculation involved.

Given:
- The man wants to buy a mobile for Rs. 3500.
- The rate of sales tax is 8%.

Calculation:
Let's assume the reduction price as 'x'. The total price after reduction will be Rs. 3500, inclusive of all taxes.

The original price of the mobile, before the reduction, can be calculated by dividing Rs. 3500 by (1 + tax rate).

Original price = 3500 / (1 + 0.08) = 3500 / 1.08 = Rs. 3240.74 (approx.)

The reduction price will be the difference between the original price and the final price.

Reduction price = Original price - Final price
Reduction price = Rs. 3240.74 - Rs. 3500
Reduction price = Rs. -259.26 (approx.)

Explanation:
Since the reduction price is negative, it means that the man needs to pay an additional Rs. 259.26 to make the final price inclusive of all taxes Rs. 3500. Therefore, the reduction price will be Rs. 259.26.

Conclusion:
The reduction price is Rs. 259.26, which is approximately equal to Rs. 260. Therefore, the correct answer is option 'B' - Rs. 260.
Free Test
Community Answer
A man went to shop to buy mobile for Rs.3500, the rate of sales tax be...
3500*100/108 = 3240
3500-3240 = 260
Explore Courses for Quant exam

Similar Quant Doubts

A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%. He tell the shopkeeper to reduce the price of mobile to such an extent that has to pay Rs.3500, inclusive of all taxes. Find the reduction price.a)Rs.210b)Rs.260c)Rs.320d)Rs.140e)None of theseCorrect answer is option 'B'. Can you explain this answer?
Question Description
A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%. He tell the shopkeeper to reduce the price of mobile to such an extent that has to pay Rs.3500, inclusive of all taxes. Find the reduction price.a)Rs.210b)Rs.260c)Rs.320d)Rs.140e)None of theseCorrect answer is option 'B'. Can you explain this answer? for Quant 2025 is part of Quant preparation. The Question and answers have been prepared according to the Quant exam syllabus. Information about A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%. He tell the shopkeeper to reduce the price of mobile to such an extent that has to pay Rs.3500, inclusive of all taxes. Find the reduction price.a)Rs.210b)Rs.260c)Rs.320d)Rs.140e)None of theseCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Quant 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%. He tell the shopkeeper to reduce the price of mobile to such an extent that has to pay Rs.3500, inclusive of all taxes. Find the reduction price.a)Rs.210b)Rs.260c)Rs.320d)Rs.140e)None of theseCorrect answer is option 'B'. Can you explain this answer?.
Solutions for A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%. He tell the shopkeeper to reduce the price of mobile to such an extent that has to pay Rs.3500, inclusive of all taxes. Find the reduction price.a)Rs.210b)Rs.260c)Rs.320d)Rs.140e)None of theseCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Quant. Download more important topics, notes, lectures and mock test series for Quant Exam by signing up for free.
Here you can find the meaning of A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%. He tell the shopkeeper to reduce the price of mobile to such an extent that has to pay Rs.3500, inclusive of all taxes. Find the reduction price.a)Rs.210b)Rs.260c)Rs.320d)Rs.140e)None of theseCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%. He tell the shopkeeper to reduce the price of mobile to such an extent that has to pay Rs.3500, inclusive of all taxes. Find the reduction price.a)Rs.210b)Rs.260c)Rs.320d)Rs.140e)None of theseCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%. He tell the shopkeeper to reduce the price of mobile to such an extent that has to pay Rs.3500, inclusive of all taxes. Find the reduction price.a)Rs.210b)Rs.260c)Rs.320d)Rs.140e)None of theseCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%. He tell the shopkeeper to reduce the price of mobile to such an extent that has to pay Rs.3500, inclusive of all taxes. Find the reduction price.a)Rs.210b)Rs.260c)Rs.320d)Rs.140e)None of theseCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice A man went to shop to buy mobile for Rs.3500, the rate of sales tax being 8%. He tell the shopkeeper to reduce the price of mobile to such an extent that has to pay Rs.3500, inclusive of all taxes. Find the reduction price.a)Rs.210b)Rs.260c)Rs.320d)Rs.140e)None of theseCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Quant tests.
Explore Courses for Quant exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev