The list price of a chair is$7500$ and the sales tax on it is $1,125$. Find the rate of sales tax
The list price of a chair is$7500$ and the sales tax on it is $1,125$. Find the rate of sales tax

Given

The list price of chair = ₹$7,500$

Sales tax = ₹$1,125$

Calculation,

Rate of sales tax = ($100\times $ Sale tax)/marked price

$=\left( 100\times 1,125 \right)/7,500$

=$15%$

$\therefore $ Rate of sales tax is $15%$