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Question : While purchasing an item costing Rs. 600, Rashi had to pay sales tax at 5%. What amount did Rashi have to pay as sales tax?

Option 1: Rs. 30

Option 2: Rs. 60

Option 3: Rs. 45

Option 4: Rs. 15


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Rs. 30


Solution : Tax = Cost of item × Tax rate
Given:
Cost of item = INR 600
Tax rate = 5% = 0.05
Substituting these values into the formula,
Sales Tax = 600 × 0.05 = Rs. 30
Hence, the correct answer is Rs. 30.

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