mr.vishal purchased an almirah for rs 4536 including sales tax. If the marked price of the almirah is rs 4200, find the rate of sales tax
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Answer:
The rate of sales tax is 8%.
Step-by-step explanation:
Given data:
Marked price of the almirah, M.P. = Rs. 4200
Mr. Vishal paid for the almirah including the sales tax, S=Rs.4536
To find: rate of sales tax
∴ Sales Price = S - M.P.
= 4536 – 4200
= 336
We know, Sales Price = M.P. * Rate of sales tax(r)
∴ Sales Price = M.P. * (r/100)
∴ r = (Sales Price / M.P.) * 100
= (336 / 4200) * 100
= 8%
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