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Ramesh paid 345.60 as tax on a purchase ...

Ramesh paid 345.60 as tax on a purchase of Rs 3,840. Find the rate of tax.

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To find the rate of tax that Ramesh paid on his purchase, we can follow these steps: ### Step-by-Step Solution: 1. **Identify the values given in the problem:** - Tax paid = Rs 345.60 - Cost of the product = Rs 3,840 2. **Use the formula for the rate of tax:** \[ \text{Rate of Tax} = \left( \frac{\text{Tax Paid}}{\text{Cost of Product}} \right) \times 100 \] 3. **Substitute the values into the formula:** \[ \text{Rate of Tax} = \left( \frac{345.60}{3840} \right) \times 100 \] 4. **Calculate the fraction:** \[ \frac{345.60}{3840} = 0.09 \] 5. **Multiply by 100 to find the percentage:** \[ \text{Rate of Tax} = 0.09 \times 100 = 9\% \] ### Final Answer: The rate of tax is **9%**.
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