Question

A certain entertainment tax on each ticket is levied by the state.


From the graph, find the amount of tax levied by the state if the amount raised from the ticket sold is ₹1,50,000.

• A. ₹30,000
• B. ₹45,000
• C. ₹37,500
• D. ₹75,000

Answer 1

The correct option is C ₹37,500


From the graph, consider the points (2, 0.5) and (4, 1)

You know,
$\text{Slope = Unit rate =}\frac{y_2-y_1}{x_2-x_1}$
Putting value, you get
$\text{Slope =}\frac{1-0.5}{4-2}$
$=\frac{0.5}{2}$
$=0.25$

$\text{Now, tax rate will be =}0.25\times 100=25\%$

Total amount raised from tickets sold = ₹1,50,000
$\text{∴ Tax levied =}25\%\times ₹1,50,000$
$=\frac{25}{100}\times ₹1,50,000$
$=₹37,500$