A 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 %)

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  2. 6
  3. 5
  4. 7

Answer (Detailed Solution Below)

Option 1 : 4
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Given:

Market price = Rs. 18250

Sales tax = Rs. 730

Concept used:

Rate of sales tax =  × 100

Calculation:

Rate of sales tax =  × 100

Rate of sales tax =  × 100

Rate of sales atx = 0.04 × 100

Rate of sales tax = 4

∴ The rate of sales tax is 4%.

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