Question

Vishal purchased an almirah for rupees 4536 including sales tax . If the marjed price of the almirah is 4200 find the rate of sales tax

Answer 1

Answer:

The rate of sales tax is 8%

Explanation:

Purchasing cost of almirah = 4536 Rs.

marked price of almirah = 4200 Rs.

The tax paid on almirah = 4536 - 4200 = 336 Rs.

Let the rate of sales tax be r

then

Marked price of the product × sales tax rate = tax paid on the product

or, 4200 × r/100 = 336

or, r = 336/42

     = 8

Therefore the rate of sales tax is 8%