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A person needs to pay a tax of 5% over the excess bill of $1000 purchase. However, if the total bill (i.e. purchase bill + tax) exceeds $1999, then he needs to pay a tax of 10% over the excess purchase of $1000. What can be the maximum purchase bill amount which will ensure that the person pays only 5% tax?
A. $1001
B. $1500
C. $1543.24
D. $1950
E. $1951.43
The OA is E
A person needs to pay a tax of 5% over the excess bill of $1000 purchase. However, if the total bill (i.e. purchase bill + tax) exceeds $1999, then he needs to pay a tax of 10% over the excess purchase of $1000. What can be the maximum purchase bill amount which will ensure that the person pays only 5% tax?
A. $1001
B. $1500
C. $1543.24
D. $1950
E. $1951.43
The OA is E
