It needs 120% tax to import a machine from abroad. Let’s work out the cost of the machine here after paying the tax if it costs Rs. 300000 in abroad.

Given: import tax = 120%

cost of machine in abroad = Rs 300000

Tip: x% of y means .

In the question it is said that the machine has an import tax of 120%. Hence we need to calculate the import tax and add it to the actual cost of the machine abroad to get the final answer.

Therefore,

Cost of the machine after importing= Actual cost of machine abroad + Import tax.

Using the tip above we can easily calculate the import tax on the machine.

Therefore,

Import tax on the machine=

=Rs. 360000.

Now,

the cost of the machine after importing

= Actual cost of machine abroad + Import tax.

=300000+360000

=Rs.660000.