Question

When you buy a home for $2,50,000$ rupees and pay $50\%$ in tax. How much is tax?

• A. Rs. $2,50,000$
• B. Rs. $1,25,000$
• C. Rs. $3,75,000$
• D. None of these

Answer 1

The correct option is B Rs. $1,25,000$

Given: Person buys home for Rs. $2,50,000$
Tax paid is $50$ $\%$ of the cost
Hence,

Tax $=$ $2,50,000\times \left(\frac{50}{100}\right)$
$=$ $1,25,000$