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Question

The cost of a ticket is $125 and Evra pays a tax of $25. The tax rate will be %

A
10
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B
20
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C
30
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D
15
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Solution

The correct option is B 20
Cost of the ticket = $125.
Evra pays a tax amount of $25.

∴ Tax rate will be
=Tax AmountCost of Ticket×100%

=25125×100%

=20%

So, tax rate applicable for the ticket is 20%

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