Question

The rent for a light equipment is $₹1200$ and the tax levied is $₹90$. What is the tax rate?

• A. 6.5%
• B. 7%
• C. 7.5%
• D. 8%

Answer 1

The correct option is C 7.5%

Given:
Rent amount = $₹1200$
Tax levied = $₹90$

Tax rate = $\frac{Taxamount}{Rentamount}\times 100$
= $\frac{90}{1200}\times 100$

= $7.5\%$