John goes to a shop to buy a bicycle quoted at Rs 1000. The rate of sales tax is 12% on it. He asks the shopkeeper for a rebate on the price of the bicycle to such an extent that he has to pay Rs 1008, inclusive of sales tax. Find the rebate percentage on the price of the bicycle.

40%

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50%

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30%

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10%

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Solution

The correct option is D
10%

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John goes to a shop to buy a bicycle quoted at Rs 1000. The rate of sales tax is 12% on it. He asks the shopkeeper for a rebate on the price of the bicycle to such an extent that he has to pay Rs 1008, inclusive of sales tax. Find the rebate percentage on the price of the bicycle.

The correct option is D 10%

The correct option is D
10%