The cost of the product (in rupees) ₹300. If the sales tax is 20%, what will be the tax amount ?

₹ 60

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₹ 40

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₹ 70

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₹ 30

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Solution

The correct option is A ₹ 60

Sales tax = $\frac{s a l e s t a x i n p e r c e n t a g e}{100} \times c o s t p r i c e$

$\Rightarrow$ Sales tax = $\frac{20}{100} \times 300$ = ₹ 60

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