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Question
Savita purchased an almirah for Rs. 4536 including sale tax. If the list price of the almirah is Rs. 4,200, find the rate of sale tax charged.
Solution
Cost of almirah (including sale tax) = ₹ 4,536
List Price of almirah = ₹ 4,200
Sales tax = ₹ 4,536 - ₹ 4,200 = ₹ 336
Rate of Sales tax = `"Sales Tax"/"List Price" xx 100`
= `(₹336)/(₹4,200) xx 100`
= 8%
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