Question
Download Solution PDFThe selling price of an article becomes 21/20 times the listed price due to the inclusion of sales tax. Find the rate of sales tax. (In %)
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
The selling price of an article = 21/20 times of listed price
Formula used:
Rate of sales tax = sales tax/Listed price × 100
Calculation:
Let the Listed price be 100
Selling price = 21/20 × 100
= 105
Sales tax = Selling price - Listed price
= 105 -100
= 5
The Rate of sales tax = 5/100 × 100
= 5%
∴ The rate of sales tax is 5%.
Last updated on Jun 12, 2025
-> OSSC CGL Final Merit List has been released on the official website.
->The merit list consist the names of the candidates found suitable after the CV round.
->Earlier,The OSSC CGL Call Letter had been released for the Document Verification (Advt No.1249/OSSC).
-> Interested candidates registered from 29th November 2024 to 28th December 2024.
-> The recruitment is also ongoing for 543 vacancies (Advt. No. 129/OSSC). The Prelims was held on 20th October 2024 and thee Mains Exam will be scheduled in February/ March 2025.
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