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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.
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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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