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
Answer (1)
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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