Rajat purchases a wrist-watch costing Rs. 540. The rate of tax is 8%. Find the total amount paid by Rajat for the watch.
Cost of watch = Rs.540
Rate of Sales Tax = 8%
∴ Amount of Sales Tax = Rs. 540 ×8100
= Rs. 4320100 Rs. 43.20
∴ Total Amount of Watch = Rs. 540 + 43.20
= Rs.583.20