Question
Download Solution PDFA buys a pair of metal article whose market price is Rs. 18250. He has to pay a sales tax of Rs. 730. Find the rate of sales tax. (In %)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Market price = Rs. 18250
Sales tax = Rs. 730
Concept used:
Rate of sales tax = \({Sales\;tax \over Market\; Price}\) × 100
Calculation:
Rate of sales tax = \({Sales\;tax \over Market\; Price}\) × 100
Rate of sales tax = \({730 \over 18250}\) × 100
Rate of sales atx = 0.04 × 100
Rate of sales tax = 4
∴ The rate of sales tax is 4%.
Last updated on Jun 12, 2025
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->Earlier,The OSSC CGL Call Letter had been released for the Document Verification (Advt No.1249/OSSC).
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