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Question
Ramesh paid Rs 345.60 as sales tax on a purchase of Rs 3,840. Find the rate of sales tax.
Solution
Sale price = Rs 3,840
Sales tax paid = Rs 345.60
∴ Rate of sales tax = `"sales tax"/"sale price" xx 100%`
= `345.60/3840 xx 100%`
= 9%
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