A coat is marked at Rs. 4000, a discount of 25% is offered on the coat. After adding the sales tax the final cost of the coat comes to Rs. 3240. Find the rate of sales tax.

Asked by Topperlearning User | 4th Sep, 2017, 01:34: PM

Expert Answer:

 

begin mathsize 12px style Marked space price space of space coat equals space Rs. space 4000
Discount space equals space 25 percent sign space of space 4000
space space space space space space space space space space space space space space space space space space equals 25 over 100 cross times 4000 equals Rs. space 1000
After space discount space price space of space coat space equals space 4000 space minus space 1000
space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space space equals space Rs. space 3000
Final space price space of space coat equals space Rs. space 3240
Sales space tax space amount space equals space 3240 space minus space 3000 equals Rs. space 240
Rate space of space Sales space tax space equals space 240 over 3000 cross times 100 equals 8 percent sign
Rate space of space sales space tax space is space 8 percent sign. end style

Answered by  | 4th Sep, 2017, 03:34: PM