There are 500 students in a private school. the average annual fee of a student is Rs 14,400. how much tax should be paid by the school in a year at the rate of 1% education service charge?
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Answer:
bro the answer will be 864000 first take out total fees of all 500 students by multiplying 500×14400. Then multiply by 12 to find annual fees. Then find one percent which is 1÷100×86400000. Your answer will be 864000. I hope it helps.
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Answer:
no.of stds=500
average annual fee=rs 14400
now,
annual fee of all stds=14400×500
=7200000
1%=1/100×7200000
=72000
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