Question

A refrigerator is purchased for $14,355$, including sales tax. If the actual cost price of the refrigerator is $13,050$, find the rate of sales tax.

Answer 1

Given:

For the refrigerator, bill amount $=$ $14,355$, Cost price $=$ $13,050$.
Sales tax $=$ Bill amount $-$ Cost of the item
$=14,355-13,050=$ $Rs.1,305$
Rate of Sales Tax $=\frac{\text{Amount of Sales Tax}}{\text{Cost of the item}}\times 100$
$=\frac{1305}{13050}\times 100=10\%$