Question

Find the final price for the product after a tax is applied for diamond ring. The cost of the ring is $280$ rupees and the tax rate is $12\%$.

• A. Rs. $313.6$
• B. Rs. $302,4$
• C. Rs. $307.12$
• D. Rs. $312.3$

Answer 1

The correct option is A Rs. $313.6$

$\Rightarrow$ Cost price of ring is $Rs.280$

$\Rightarrow$ Tax rate is $12\%$

$\Rightarrow$ Tax applied on a ring = $280\times \frac{12}{100}=Rs.33.6$

$\Rightarrow$ Final Price = Cost price of ring + Tax applied on a ring

$\Rightarrow$ Final price = $Rs.280+Rs.33.6=Rs.313.6$