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If a shopkeeper makes a sale without any sales tax, then the selling price of 600 articles is equal to the cost price of 750 articles. On the other hand, if he makes a sale including the sales tax, then the selling price of 450 articles is equal to the cost price of 630 articles. What is the rate of sales tax?

If a shopkeeper makes a sale without any sales tax, then the selling price of 600 articles is equal to the cost price of 750 articles. On the other hand, if he makes a sale including the sales tax, then the selling price of 450 articles is equal to the cost price of 630 articles. What is the rate of sales tax? Correct Answer 12%

Related Questions

Which of the following components are true about tax planning?
1. Tax planning is the process of analyzing a financial plan or a situation from a tax perspective.
2. The objective of tax planning is to make sure there is tax efficiency. With the help of tax planning, one can ensure that all elements of a financial plan can function together with maximum tax-efficiency.
3. Reducing tax liability and increasing the ability to make contributions towards retirement plans are critical for success.
4. Tax planning comprises various considerations such as size, the timing of income, timing of purchases, and planning are concerned with other kinds of expenditures.
5. The chosen investments and the various retirement plans should go hand-in-hand with the tax filing status as well as the deductions in order to create the best possible outcome.
A person bought two articles X and Y from a departmental store. The sum of prices before the sales tax was Rs. 130. There was no sales tax on the article X and 9% sales tax on the article Y. The total amount the person paid, including the sales tax, was Rs. 136.75. What was the price of the article Y before sales tax?
There are two shopkeepers, first shopkeeper calculates his profit percent on the selling price whereas the second shopkeeper calculates his profit percent on the cost price. If the selling price for both the shopkeeper is same and the difference between their profits is Rs.175. Then, calculate the sum of the cost price for both the shopkeeper if the profit percent for the both shopkeeper is 25%?
A shopkeeper is selling an article at a discount of 12% on the marked price. A customer buys the article by paying Rs. 3360, including 8% of sales tax on the marked price, such that the shopkeeper earns a profit of 23.2%. How much a customer will have to pay for the article if the sales tax increased by 25% and the shopkeeper increased his profit by 50%? 
Study the given table and answer the question given below. P, Q and R in five cities A, B, C, D and E daily sales of newspapers (in thousands)    newspaper city P Q R A 640 450 480 B 520 600 540 C 450 650 520 D 750 680 460 E 550 620 550   Average daily sales of newspaper R in all the given five cities is what percent more than 20% of the sum of total daily sales of newspaper P in cities A and C and total daily sales of newspaper Q in cities D and E together?
Which of the following statement is not correct regarding the number 630: 1. Total number of factors of 630 are 24 2. Number of even factors of 630 are 12 3. Number of odd factors of 630 are 16
Ram buys 10 articles and sell to Mohan. The cost price of 10 articles is equal to selling price of 9 articles and Mohan sells all the article to Tripti at the cost price 9 article is equal to selling price of 8 articles. Ram’s cost price is how much percent more or less than Tripti’s cost price.
The selling price of pendrive is Rs. 750.60 including sales tax of 8%. Naveen asked the shopkeeper to reduce the price of the pendrive so that he can save the amount equal to the tax. What could be the cost of pen drive now for Naveen?
A shopkeeper gives a discount of 28% on the marked price of article P and selling price of article Q is \(33\frac{1}{3}\;\)% more than the selling price at article P, if shopkeeper made 20% profit on article Q and selling price of article P was Rs 200 less than the cost price of article Q, then find the cost price of article P, which shopkeeper sold at a profit of 20%?
Each of the question below consists of a question and three statements number I, II and III given below it. You have to decide whether the data provided in the statement are sufficient to answer the question. A dishonest shopkeeper professes to sell his articles at a cost price but uses a faulty scale while selling. What is the profit percentage the shopkeeper makes when he sells the article at a cost price? Statement I. He uses a scale that weighs less by 25%. Statement II. The cost price of the article is Rs. 30 per kg. Statement III. If he has sold the articles at a 12.5% profit on cost price then his net profit percentage would have been 50%.