if the sales tax on a purchase worth rs.140 is rs.11.20.what will be the sales tax on the purchase worth rs.550
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If the sales tax on a purchase worth Rs. 140 is Rs. 11.20, what will be the sales tax on a purchase worth Rs. 550?
Cost price (C.P.) = Rs. 140
Sales tax = Rs. 11.20
So, tax percent
= tax applied/C.P. × 100
= 11.20/140 × 100
= 1120/140
= 8%
Now,
C.P. = 550
Tax % = 8 %
So, tax to be applied
= 8% of 550
= 8/100 × 550
= 0.08 × 550
= 44 Rs.
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