A blazer marked at Rs.1,600 is billed at Rs.1,696. Find the rate of sales tax
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Solution
Selling price is Rs.1,696 and marked price is Rs.1,600. Hence sales tax paid is Rs.96. On Rs.1,600, sales tax is Rs.96. Hence the percentage of sale tax is 961600×100=6. Hence, the rate of sales tax is 6%.