There are 600 students in a private school.The average annual fee of a student is Rs 15,000. How much tax should be paid by the school in a year at the rate of 1% education service charge? Find it.
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There are 600 students in a private school.The average annual fee of a student is Rs 15,000. How much tax should be paid by the school in a year at the rate of 1% education service charge? Find it.
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Answer:
total average of annual fees of 600 students=15000*600
=9000000
1% education services charge
9000000-1/100*9000000
=8910000
the education services tax paid by school in a year=9000000-90000=8910000