Question

Explain step by step ​

Answer 1

(a) $ 315000

(b) $ 3103448.28

Explanation:

(a)

tax = 45% of buying price

Buying price = $700000

tax = 45% × 700000

= $ 315000

(b)

Final price = $4500000

145% = 4500000

buying price = 100%

= 4500000/145 × 100

= 3103448.28