The price of a car including 6 percent, sales tax is Rs. 154431.40. What is the market price of the car without tax?

The price of a car including 6 percent, sales tax is Rs. 154431.40. What is the market price of the car without tax?

Explanation

To find the market price of the car without tax, we need to remove the 6% sales tax from the total price of Rs. 154,431.40.

Let the market price of the car be P.

Including 6% sales tax, the equation is:

P + 0.06P = 154,431.40

1.06P = 154,431.40

Now, solve for P:

P = 154,431.40/1.06

P = 145,690

So, the market price of the car without tax is Rs. 145,690.